Jubilant Foodworks Ltd to acquire 25.02% stake in Wellversed Health Pvt Ltd

Jubilant Foodworks Limited (Company) has entered into Share Subscription Agreement and Shareholders' Agreement both dated September 22, 2021 to acquire 25.02% stake in Wellversed Health Private Limited.

This investment reflects the Company's intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology.

Wellversed Health Private Limited (Wellversed) is a Gurgaon-based nutrition company offering a variety of food products tailored for specific nutrition and dietary needs including keto, gluten-free, vegan, high-protein, diabetic and immunity.

Shares of Jubilant Foodworks Limited was last trading in BSE at Rs. 4115.1 as compared to the previous close of Rs. 4137.4. The total number of shares traded during the day was 9709 in over 1580 trades.

The stock hit an intraday high of Rs. 4180 and intraday low of 4096.85. The net turnover during the day was Rs. 40171992.

Source : Equity Bulls

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