Jubilant Foodworks' WOS acquires additional 4.36% stake in DP Eurasia; stock gains ~1.5%

6 Oct 2022 , 12:19 PM

Jubilant Foodworks Limited informed that its wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. has acquired a further stake in DP Eurasia N.V. through various on-market purchases.

As on October 3, 2022, JFN held 7,14,13,939 ordinary shares in DPEU representing 49.04% of its issued share capital.

The company has acquired 63,53,138 ordinary shares of DP Eurasia via various on-market purchases for a total consideration of GBP 28,73,328 (approx. Rs26.57 crore). The company has acquired a total of 4.36% stake in DP Eurasia.

In Turkey, Russia, Azerbaijan, and Georgia, DP Eurasia is the exclusive master franchisee of the Domino’s Pizza brand. DP Eurasia and its subsidiaries are Turkey’s largest pizza delivery company and Russia’s third largest.

The Group offers pizza delivery and takeaway/eat-in services at its 827 locations (628 in Turkey, 184 in Russia, 10 in Azerbaijan, and 5 in Georgia as of 30 June 2022).

At around 12.21 PM, Jubilant Foodworks was trading at Rs643.35 up by 1.51% from its previous closing of Rs633.75 on the BSE. The scrip touched intraday high and low of Rs652.20 and Rs638.15 respectively.

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