Jubilant FoodWorks Ltd - 533155 - Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that Jubilant Foodworks Netherlands B.V. ('JFN'), a wholly owned subsidiary of Jubilant Foodworks Limited (the 'Company'), proposes to acquire upto 17.18% ordinary shares of DP Eurasia N.V. ('DP Eurasia') through a reverse bookbuild process from certain professional investors of DP Eurasia. Earlier, the Company through JFN, acquired 100% of Fides Food Systems Cooperatief U.A., Netherlands, which holds 32.81% ordinary shares of DP Eurasia. Accordingly, post-acquisition, the Company may indirectly hold upto 49.99% ordinary shares of DP Eurasia. For funding the acquisition, JFN has a short term borrowing facility in place. Additionally, JFN is also exploring various other options to replace/refinance this short term borrowing facility with a long term facility or other means, as may be appropriate. Further details attached.30-09-2021