Jubilant Foodworks Netherlands B.V is a wholly-owned subsidiary of Jubilant Foodworks.
In its regulatory filing, Jubilant Foodworks said that the loan is being taken, and the corporate guarantee is being issued on an arm’s length basis.
The corporate guarantee will be issued by the Company on terms which are standard for such a guarantee, guaranteeing the repayment obligations of the JFN up to an amount of EUR 45,885,000. The corporate guarantee will remain valid till full repayment of loan or 1st
April 2027 whichever is earlier.
On Sensex, Jubilant Foodworks finished at Rs3780.50 per piece up 1.7%.