Jubilant Consumer sells 3.6% stake in Jubilant FoodWorks

Jubilant Consumer today offloaded 3.6 per cent 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 3.6 per cent 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 this month, 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 today plunged 10.25 per cent to close at Rs 1,195.40 apiece on BSE.