22 Mar 2022 , 02:54 PM
Earlier in September 2021, JFL had informed the stock exchanges of JFL’s exercise of the call option for acquiring a 39% equity stake in JGHL from Golden Harvest.
The transaction will be based on a Valuation Report to be obtained from a chartered accountant/ Independent Accounting Firm and hence on an arm’s length basis, all consideration payable in cash.
The acquisition will be completed by April 27, 2022 subject to receipt of all applicable approvals, as may be required.
Post this development, Jubilant Foodworks is now trading at Rs2,608.30 up by Rs54 or 2.11% from its previous closing of Rs2,554.30 on the BSE. The scrip touched day's high and low of Rs2,612.05 and Rs2,482.65 respectively.
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