Jubilant Foodworks Ltd announces acquisition of 35% stake in Hashtag Loyalty Private Limited

Jubilant Foodworks Limited ('Company') has entered into Share Subscription Agreement, Shareholders' Agreement and Share Purchase Agreement dated October 27, 2021 to acquire 35% stake in Hashtag Loyalty Private Limited.

This investment reflects the Company's 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.

Hashtag Loyalty Private Limited (HLPL) is engaged in the business of providing a platform which allows brands their own online ordering systems to accept direct orders from customers and provides an enterprise-grade omnichannel customer engagement & marketing automation platform.

Shares of Jubilant Foodworks Limited was last trading in BSE at Rs. 3780.50 as compared to the previous close of Rs. 3716.55. The total number of shares traded during the day was 37670 in over 5557 trades.

The stock hit an intraday high of Rs. 3851.00 and intraday low of 3718.70. The net turnover during the day was Rs. 142724997.00.

Source : Equity Bulls

Keywords

JubilantFoodworks INE797F01012 JUBLFOOD Acquisition HashtagLoyalty