Jubilant FoodWorks’ shares are under pressure after its promoters, the Jubilant Bhartia Group, acquires 40 per cent stake in Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in India. The stock is trading almost 3.40 per cent down and Jubilant FoodWorks currently has a market capitalisation of Rs 45,150 crore, with a price-to-earnings (P/E) ratio of 115.22. That said, the stock’s price remains close to its 52-week high of Rs 715.45 and significantly above its 52-week low of Rs 421.05.
Jubilant Foodworks Vs Nifty 50 performance
Jubilant FoodWorks’ stock is currently trading at Rs 687.75, a gain of 4.18 per cent over the past 5 days. Over the past 6 months, the stock has seen a significant rise of 28.34 per cent. The stock’s 52-week high was Rs 715.45, reached on September 23, 2024, while its 52-week low was Rs 421.05 on March 14, 2024.
Jubilant FoodWorks was listed on the stock exchange on February 8, 2010.
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Jubilant Bhartia Group deal- All details
The Jubilant Bhartia Group has entered into an agreement to acquire a 40 per cent stake in Hindustan Coca-Cola Beverages (HCCB), the Indian bottling arm of The Coca-Cola Company. Although, the financial details of the transaction is yet to be disclosed but as per various reports the deal is estimated to be worth Rs 12,500 crore, valuing HCCB at Rs 31,250 crore.
The Coca-Cola Company, in its official statement, said, “The Coca‑Cola Company today announced that it has reached an agreement with the Jubilant Bhartia Group, a multi-billion conglomerate with global presence in diverse sectors, to acquire a 40% stake in Hindustan Coca‑Cola Holdings Pvt. Ltd., the parent company of the largest Coca‑Cola bottler in India, Hindustan Coca‑Cola Beverages Pvt. Ltd.”
Henrique Braun, President of International Development for The Coca‑Cola Company, highlighted the strategic value of the collaboration, stating, “The Jubilant Bhartia Group will bring invaluable experience and insights to our business as we continue to grow our presence in India.”
Shyam S. Bhartia and Hari S. Bhartia, the founders of Jubilant Bhartia Group, called the investment an “ideal addition” to their diverse portfolio. In their joint statement, they added, “Together, we will leverage opportunities to grow the business to greater heights and ensure more Indian consumers can enjoy The Coca-Cola Company’s refreshing portfolio of iconic local and international brands.”
Regulatory Approvals Awaited
The transaction,
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