13 May 2022 , 01:32 AM
Jubilant FoodWorks has completed the acquisition of 49Percentage stake from Golden Harvest QSR Golden Harvest in Jubilant Golden Harvest JGH on 10 May 2022 at an aggregate consideration amounting to BDT 389015160 and certain post-closing intimations and registrations with the regulatory authorities are being undertaken Post-acquisition Companys stake in JGHL increased from 51Percentage to 100Percentage with 1 share of JGHL being held by a nominee of the Company in order to comply with local law requirements in Bangladesh
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