Jubilant FoodWorks gets nod to make investments upto Rs 40 crore in JFN

Ace News

7th Nov 2024

Jubilant FoodWorks has received approval for making investments upto Rs 40 crore (or its equivalent in Euro) in Jubilant Foodworks Netherlands B.V. (JFN), wholly owned subsidiary of the company in Netherlands. 

The proposed investment in JFN will be utilised primarily towards funding the interest payments on credit facilities availed by JFN from The Hongkong and Shanghai Banking Corporation for acquisition of stake in DP Eurasia N.V. and for general corporate purposes. The said transaction is expected to be completed on or before June 30, 2025. The Investment Committee of the company in its meeting held on November 07, 2024 has approved the same. 

Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.