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Stake sale in Jubilant FoodWorks


New Delhi: Jubilant Consumer on Thursday offloaded 3.6 per cent stake in Jubilant FoodWorks for over Rs. 303 crore through an open market transaction.

According to bulk deal data available with the stock exchanges, Jubilant Consumer, promoter of Jubilant FoodWorks, sold a total of 23,70,170 shares, amounting to 3.6 per cent stake in the company.

The shares were sold at an average price of Rs. 1,279.37. Meanwhile, Credit Suisse (Singapore) purchased 22,85,596 shares of Jubilant FoodWorks for Rs. 292.34 crore.

Source: Hindu Business Line

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