Jubilant FoodWorks has informed the exchange that the company has launched a cash offer to acquire the remaining 45.33 per cent of the share capital of DP Eurasia, a subsidiary company, for 95 pence per share (from the earlier 85 pence) in cash.
Jubilant Foodworks Netherlands B.V. (JFN), a wholly owned subsidiary of Jubilant FoodWorks Ltd holds 54.67 per cent.
Jubilant FoodWorks had earlier announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company, effective March 1, 2024.
The stock traded at ₹568.80 on the NSE, up by 1.73 per cent as of 2:32 pm on Tuesday.
![comment](https://assetsbl.thehindubusinessline.com/theme/images/bl-online/1x1_spacer.png)
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.