Jubilant Foodworks to acquire 10.76 pc stake in BNHL for Rs 92 crore
BNHL operates Barbeque Nation (BBQ), an Indian cuisine casual dining Brand, which introduced the concept of live grilling of kebabs to the Indian market.
New Delhi: Jubilant Foodworks Ltd (JFL), which operates fastfood chains Domino’s Pizza and Dunkin’ Donuts in India, on Thursday said it will invest Rs 92 crore into Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 per cent equity stake.
BNHL operates Barbeque Nation (BBQ), an Indian cuisine casual dining Brand, which introduced the concept of live grilling of kebabs to the Indian market.
It owns and operates 138 Barbeque Nation restaurants across 73 cities in India and seven international Barbeque Nation restaurants (as of November 30, 2019). It also has a presence in the Italian cuisine segment under the brand Toscan.
Jubilant Foodworks Chairman Shyam S Bhartia and its Co-Chairman Hari S Bhartia said the proposed investment will create value for the company’s shareholders. BNHL had reported a total revenue of Rs 742.5 crore in 2018-19 on a consolidated basis.
