Jubilant FoodWorks Ltd will contemplate inventory cut up to change the capital of the corporate when its board will meet on 2 February, in line with an change submitting.
“Jubilant FoodWorkss board will contemplate proposal for alteration within the capital of the Firm by sub-division/cut up of current fairness shares of the Firm having face worth of Rs. 10/- every, absolutely paid up,” the corporate stated.
Jubilant may even announce its outcomes on 2 February.
JFL, a part of the Jubilant Bhartia Group, is India’s largest meals service firm.
The corporate presently operates greater than 1,435 shops for Domino’s Pizza, Dunkin’ Donuts and Hong’s Kitchen.
It additionally has franchise rights for Popeyes, an American multinational chain of fried rooster fast-food eating places, for India, Bangladesh, Nepal and Bhutan markets.
On Friday, Jubilant FoodWorks shares rose 0.11% to shut at ₹3,923 on NSE. Within the final one yr, the scrip has risen by 43.54%.
Supply: Live Mint