 "Jubilant FoodWorks extends fall on promoter stake sale")
Jubilant FoodWorks has dipped 3.3% to Rs 1,151, extending its Thursday’s 11% fall on the National Stock Exchange (NSE) after the company’s promoter Jubilant Consumer Private Limited, sold nearly 4% stake in the company for Rs 300 crore through open market.
On April 28, Jubilant Consumer, promoter of Jubilant FoodWorks, sold a total of 2.37 million equity shares, representing 3.6% of the company via block deal, the NSE data shows.
The shares were sold at an average price of Rs 1,279.37, valuing the transaction at Rs 303 crore.
As on March 2016, Jubilant Consumer Private Limited held 48.67% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains.
Meanwhile, Credit Suisse (Singapore) purchased 2.29 million shares of Jubilant FoodWorks at an average price of Rs 1,279.06, data shows.
Till 10:23 am, a combined 556,589 shares changed hands on the counter on the NSE and BSE.
On April 28, Jubilant Consumer, promoter of Jubilant FoodWorks, sold a total of 2.37 million equity shares, representing 3.6% of the company via block deal, the NSE data shows.
The shares were sold at an average price of Rs 1,279.37, valuing the transaction at Rs 303 crore.
As on March 2016, Jubilant Consumer Private Limited held 48.67% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains.
Meanwhile, Credit Suisse (Singapore) purchased 2.29 million shares of Jubilant FoodWorks at an average price of Rs 1,279.06, data shows.
Till 10:23 am, a combined 556,589 shares changed hands on the counter on the NSE and BSE.
