Jubilant FoodWorks : Acquisition

S

Particulars

Details

No.

1

Name of the target entity, details

Jubilant Golden Harvest Limited ('JGHL') is a

in brief such as size, turnover etc.

subsidiary of Jubilant Foodworks Limited

('Company') and has the franchise rights to

develop and operate Domino's Pizza restaurants in

Bangladesh. As on December 31, 2021, JGHL has

eight restaurants.

Total Revenue of JGHL in FY 2021 - BDT 19.24

crores

2

Whether the

acquisition would

As on date, the acquisition of shares by the

fall

within

related

party

Company from Golden Harvest QSR Limited is not

transaction(s) and

whether the

a related party transaction. Apart from JGHL being

promoter/

promoter group/

a subsidiary of the Company, none of the

group

companies

have

any

Promoter/Promoter Group/ Group Companies

interest in the entity being

have any interest in JGHL whose shares are being

acquired? If yes, nature of

acquired.

interest and details thereof and

whether the same is done at

The transaction will be based on a Valuation

"arms length".

Report to be obtained from a chartered

accountant/ Independent Accounting Firm and

hence on arm's length basis

3

Industry to which the entity

Food Service Industry

being acquired belongs

4

Objects and effects of acquisition

The objective of the Call Option 2 is to increase

(including but not limited to,

Company's shareholding in JGHL by 10% and

disclosure

of reasons

for

along with the consummation of Call Option 1 (as

acquisition of target entity, if its

previously disclosed), to 100%, thereby making

business is outside the main line

JGHL a wholly owned subsidiary of the Company.

of business of the listed entity)

5

Brief details of any governmental

The parties will obtain necessary governmental/

or regulatory approvals required

regulatory approvals, if required, under applicable

for the acquisition

laws for the transaction.

6

Indicative

time

period

for

Likely by April 27, 2022 subject to receipt of all

completion of the acquisition

applicable approvals, as may be required.

7

Nature

of

consideration

-

All cash consideration

whether cash

consideration

or

share swap and details of the

same

8

Cost of acquisition or the price at

Cost of acquisition will be based on a Valuation

which the shares are acquired

Report to be obtained from a chartered

accountant/ Independent Accounting Firm and

hence on arm's length basis.

9

Percentage

of

shareholding

/

Pursuant to Call Option 2, the Company will

control acquired and / or

acquire 10% from Golden Harvest and along with

number of shares acquired

consummation of Call Option 1 (as previously

disclosed), the Company will hold 100% equity

stake in JGHL. Post completion of acquisition,

JGHL will become wholly owned subsidiary of

JFL.

10

Brief

background

about

the

Jubilant Golden Harvest Limited ('JGHL') is a

entity acquired in terms of

public limited company incorporated in

products/line

of

business

Bangladesh. JGHL is a subsidiary of Jubilant

acquired, date of incorporation,

Foodworks Limited and has the franchise rights to

history of last 3 years turnover,

develop and operate Domino's Pizza restaurants in

country in which the acquired

Bangladesh. As on December 31, 2021, JGHL has

entity has presence and any other

eight restaurants.

significant information (in brief)

Date of Incorporation of JGHL: 21st December,

2017.

History of last 3 years' Total Revenue:

FY 2018-19 - BDT 2.35 crores

FY 2019-20 - BDT 20.50 crores

FY 2020-21 - BDT 19.24 crores