Jubilant Foodworks to acquire additional 10Percentage stake in Jubilant Golden Harvest

26 Mar 2022 , 01:33 AM

Jubilant Foodworks announced that pursuant to the share subscription and shareholders agreement dated 06 March 2018 executed between Jubilant Foodworks JFL Jubilant Golden Harvest JGHL and Golden Harvest QSR Golden Harvest JFL had informed the stock exchanges of JFLs exercise of the call option for acquiring 39Percentage equity stake in JGHL from Golden Harvest Call Option 1 vide letter dated 30 September 2021 JFL has now issued a notice to Golden Harvest to exercise its call option for acquiring the remaining 10Percentage equity stake in JGHL from Golden Harvest Call Option 2 Accordingly JFL will acquire the complete 49Percentage equity stake of Golden Harvest in JGHL and post the consummation of Call Option 1 and Call Option 2 JGHL shall become a wholly owned subsidiary of JFL