Owners of Domino’s Pizza and Dunkin Donuts in India, Jubilant Foodworks has announced that it is acquiring 10.76 per cent stake in Barbeque Nation for Rs 92 crore.
"The company has entered into a share subscription agreement to acquire equity shares and a restated shareholders' agreement to regulate the rights and obligations of BNHL's key shareholders," shared a statement from Jubilant Foodworks in a regulatory filing.
Casual dining chain Barbeque Nation operates over 138 restaurants in 73 cities across India.
Also Read: Barbeque Nation gets Sebi nod for IPO
The company also runs seven Barbeque Nation in international markets.
BNHL also has a presence in the Italian cuisine segment and operates restaurant called Toscano.
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“We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will create value for our shareholders,” shared Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited in the filing.
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