Jubilant Foodworks acquires 29.42% stake in Roadcast Tech. More 10.58% will be acquired in the next month
In the month of July 2022, Jubilant Foodworksmade an agreement to buy 40% stake (on a fully diluted basis) in Roadcast Tech
To build a Multi-country and multi-brand company, Jubilant Food is making strategic investments in many promising start-ups and emerging businesses
Jubiliant Foodworks Ltd already has brands like Domino's Dunkin DonutsHong's KitchenEkdum,Popeyes and Cheese Bossetc. under its belt
Roadcast tech is the most advanced AI powered digital logistic platform.Their SaaS based delivery automation system will help Jubiliant Foodworks in their Logistics
Founded in 2015 in Delhi, ROADCAST TECH is providing following solutions to businesses.1) Hyperlocal2) E-Commerce3) Courier and Parcel4) Transportation
Jubiliant Foodworks Ltd is expected to pay Rs 40 Crores to buy this 40% stake in Roadcast Tech.Complete 40% Acquision will complete in Oct 2022
Shares of Jubiliant Foodworks are trading near 600. It won't go below 525 even if Recession hits India. One year target by Stocksbaazigar is 680Views:Accumulate