Joyous FoodWorks Gets 25% Stake In Nutrition Company Wellversed Health, Trades Lower

INSUBCONTINENT EXCLUSIVE:
Shares of Jubilant FoodWorks were last trading 1.02 per cent lower at Rs 4,134.50 on BSELeading quick service restaurants operator and
master franchise of brands such as Domino's Pizza and Dunkin' Donuts - Jubilant FoodWorks acquired a 25 per cent stake in Gurgaon-based
nutrition company Wellversed Health
The food service company will invest Rs 10 crore in Wellversed in two tranches, according to a recent regulatory filing by the company to
and the second tranche of a sum of Rs 3.5 crore will be covered in a period of nine months - from the disbursement of the first tranche,
Jubilant FoodWorks will have the right to nominate one non-retiring director on the board (- one out of four) of Wellversed, and an observer
Jubilant FoodWorks opened on the BSE at Rs 4,199, registered an intra day high of Rs 4,199 and an intra day low of Rs 4,120, in the trading