Shri Bajrang Alliance stock hits 5% upper circuit on receipt of LOI from Franwork Brands

3 Jan 2022 , 03:11 PM

Shri Bajrang Alliance Ltd has signed a Letter of lntent with Franwork Brands Private limited for opening of 100 QSR (Quick Service Restaurant) for the Catendar Year 2022.

“This is the Asia Largest integrated franchise solution Company since 1999 and the first company to introduce & develop franchising market in lndia and an absolute authority on franchising, licensing and retailing”, the company said in a regulatory filing on Monday.

lt has served leading corporations like McDonald’s, Pizza Hut, KFC, Burger King for developing Franchise business globally.

Further the company added, “We GOELD Frozen Foods with this association are now stepping into QSR Quick Service Restaurant) for holding a step forward into our growth by leaving our taste as a footprint.”

At around 3:12 PM, Shri Bajrang Alliance was trading at Rs250 per piece higher by 5% on Sensex.