Rollatainers has hit an upper circuit limit of 5% at Rs 314 on BSE after the company said it signed a pact to launch Wendy's hamburger restaurant chain in India.
Rollatainers said it entered into a license agreement through Sierra Nevada Restaurants, a company in which Rollatainers is having 50% equity stake, with The Wendy's Company to develop and operate the Wendy's brand across India. The Wendy's Company is the world's third largest quick-service hamburger restaurant chain.
On BSE, so far 892 shares were traded in the counter, compared with an average volume of 6,546 shares in the past one quarter. The stock has hit a high of Rs 314.40 and a low of Rs 307.05 so far during the day.
