Jubilant Food promoter entity sells 7 lakh scrips for Rs 77 crore

Weston Investment Ltd, a promoter entity of Jubilant FoodWorks, today offloaded more than seven lakh shares of the firm, which runs Dominos operations in the country, for a little over Rs 77 crore.

As per information available with the stock exchanges, Weston Investments sold 7.19 lakh scrips of Jubilant FoodWorks through open market transaction.

The shares were sold on an average price of Rs 1,073.21 valuing the transaction at Rs 77.16 crore.

However, the buyer(s) of the shares could not be immediately ascertained.

At the end of March quarter, Weston Investment held a total of 35.26 lakh shares, amounting to 5.4% stake, in Jubilant FoodWorks.

Shares of Jubilant FoodWorks plunged by 3.17% to settle at Rs 1,073.70 apiece on the BSE.