GHAIL Agreement Executions by an Associate Company - Share market analysis of dhaka stock exchange, Bangladesh

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07 March, 2018 03:55 PM Source: Dhaka Stock Exchange

The Company has informed that Golden Harvest QSR Ltd., an Associate Company of Golden Harvest Agro Industries Ltd. (GHAIL) wherein GHAIL holds 30% shares, has executed agreements with Jubilant Foodworks Ltd. to bring the Domino's Pizza franchise in Bangladesh through establishing a joint venture company. In the Joint Venture Company, Golden Harvest QSR Ltd. will hold 49% shares. Therefore, GHAIL's operating results will be impacted by 14.70% of the operating results of Domino's Pizza business in Bangladesh. The agreements have been executed on 6 March 2018 at 2:30 PM. This may be noted that Jubilant Foodworks Limited (the Company) is a Jubilant Bhartia Group Company, which has been listed in the Indian Stock Exchanges in February 2010. Said company is the market leader in pizza segment with a network of 1,126 Domino's Pizza restaurants across 264 cities in India (as on October 26, 2017).


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