Jubilant Consumer offloads 3.6% stake in Jubilant FoodWorks
The sale took place through an open market transaction.
Jubilant Consumer on Thursday offloaded 3.6% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs 303 crore through an open market transaction.
According to bulk deal data available with the stock exchanges, Jubilant Consumer, promoter of Jubilant FoodWorks, sold a total of 23,70,170 shares, amounting to 3.65 stake, of the company.
The shares were sold at an average price of Rs 1,279.37, valuing the transaction at Rs 303.23 crore.
Meanwhile, Credit Suisse (Singapore) purchased 22,85,596 shares of Jubilant FoodWorks for Rs 292.34 crore.
Earlier in April, Jubilant FoodWorks had announced a top-level reshuffle by appointing Dev Amritesh as the President of Domino's Pizza, India, and Tarun Bhasin President of Dunkin Donuts India.
Jubilant FoodWorks shares on Friday at 1330 hours were trading at Rs 1138.00, down Rs 57.40 or 4.80% on the BSE.