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Jubilant FoodWorks to acquire 40% stake in Roadcast Tech Solutions

28 Jul 2022 , 04:28 PM

Jubilant FoodWorks has entered into Share Subscription Agreement, Shareholders Agreement and Share Purchase Agreement dated 28 July 2022 to acquire 40% stake (fully diluted basis) in Roadcast Tech Solutions. This investment reflects the Companys intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology. Roadcast Tech Solutions (Roadcast) offers a logistics platform for management of last-mile delivery operations. Roadcasts delivery automation SaaS platform helps clients to monitor their fleet and personnel in real-time. Powered by Capital Market – Live News

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