Jubilant FoodWorks to acquire stake in Roadcast Tech Solutions Pvt Ltd

Jubilant FoodWorks Limited ('Company') has entered into Share Subscription Agreement, Shareholders' Agreement and Share Purchase Agreement dated July 28, 2022 to acquire 40% stake (fully diluted basis) in Roadcast Tech Solutions Private Limited ("Transaction").

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.

Roadcast Tech Solutions Private Limited ("Roadcast") offers a logistics platform for management of last-mile delivery operations. Roadcast's delivery automation SaaS platform helps clients to monitor their fleet and personnel in real-time.

The cost of acquisition is approx. INR 14.98 crores for acquiring 40% stake (fully diluted basis) in Roadcast.

Source : Equity Bulls

Keywords

JubilantFoodWorks StakeAcquisition RoadcastTechSolutions LogisticsPlatform