Jubilant Foodworks Merger & Restructuring Worth ₹19.08 Cr
Jubilant FoodWorks has completed its acquisition of 95,271,430 Optionally Convertible Non-Cumulative Preference Shares in its Sri Lankan subsidiary for ₹19.08 Crore.
- Value
- ₹19.08 Cr
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Jubilant FoodWorks has completed its acquisition of 95,271,430 Optionally Convertible Non-Cumulative Preference Shares in its Sri Lankan subsidiary for ₹19.08 Crore.
Jubilant FoodWorks completed its investment in subsidiary Jubilant Sri Lanka via subscription to Optionally Convertible Non-Cumulative Preference Shares for LKR 666.9 million.
Jubilant FoodWorks will invest ~₹19 Crore in its Sri Lankan subsidiary via OCPS subscription. The funds will support business expansion and capital expenditure.