{"id":30574,"date":"2022-03-22T14:59:26","date_gmt":"2022-03-22T09:29:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-jubilant-foodworks-stake\/"},"modified":"2022-03-22T14:59:26","modified_gmt":"2022-03-22T09:29:26","slug":"biz-jubilant-foodworks-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-jubilant-foodworks-stake\/","title":{"rendered":"JFL to acquire Golden Harvest&#8217;s remaining 10% stake in Jubilant Golden Harvest JV"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1071551092\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 22 (PTI) Jubilant Food Works on Tuesday said it will acquire the remaining 10 per cent share in its joint venture Jubilant Golden Harvest from Golden Harvest.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3932419329\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>After this, Jubilant Food Works (JFL) would have Golden Harvest&#8217;s 49 per cent stake in the JV, making JGHL, which offers domino\u2019s pizza in Bangladesh, a wholly-owned subsidiary, the company said in a regulatory filing.<\/p>\n<p>Jubilant Golden Harvest Ltd (JGHL) is a JV between JFL and Golden Harvest Ltd, a Bangladesh-based business group with diversified interests in various sectors, including food, dairy, commodities trading, international QSR, logistics and real estate development.<\/p>\n<p>As of December 31, 2021, JGHL, a public limited company incorporated in Bangladesh, was operating eight restaurants.<\/p><div class=\"trade-content_5\" id=\"trade-2187381562\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>According to JFL, under the share subscription and shareholders\u2019 agreement dated March 6, 2018, executed between JFL, JGHL and Golden Harvest, it had exercised the first call option for acquiring a 39 per cent equity stake in JGHL from Golden Harvest on September 30, 2021.<\/p>\n<p>&#8220;JFL has now issued a notice to Golden Harvest to exercise its call option for acquiring the remaining 10 per cent equity stake in JGHL from Golden Harvest (&#8220;Call Option 2&#8221;).<\/p>\n<p>&#8220;Accordingly, JFL will acquire the complete 49 per cent equity stake of Golden Harvest in JGHL and post the consummation of Call Option 1 and Call Option 2, JGHL shall become a wholly-owned subsidiary of JFL,&#8221; it said.<\/p>\n<p>According to JFL, it will be an \u201call-cash consideration\u201d and the transaction will be based on a valuation report to be obtained from a chartered accountant\/ Independent Accounting Firm.<\/p>\n<p>JFL is a master franchise of brands such as Dominos and Dunkin&#8217; Donuts. It also has franchise rights for Popeyes, an American multinational chain of fried chicken fast-food restaurants for markets such as India, Bangladesh, Nepal and Bhutan. PTI KRH RKL  BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-1604228888\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 22 (PTI) Jubilant Food Works on Tuesday said it will acquire the remaining 10 per cent share in its joint venture Jubilant Golden Harvest from Golden Harvest. After this, Jubilant Food Works (JFL) would have Golden Harvest&#8217;s 49 per cent stake in the JV, making JGHL, which offers domino\u2019s pizza in Bangladesh, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,31],"tags":[],"class_list":["post-30574","post","type-post","status-publish","format-standard","hentry","category-commodities","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JFL to acquire Golden Harvest&#039;s remaining 10% stake in Jubilant Golden Harvest JV - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-jubilant-foodworks-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JFL to acquire Golden Harvest&#039;s remaining 10% stake in Jubilant Golden Harvest JV\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 22 (PTI) Jubilant Food Works on Tuesday said it will acquire the remaining 10 per cent share in its joint venture Jubilant Golden Harvest from Golden Harvest. 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