Jubilant lists at 11 pct premium

Jubilant FoodWorks got listed at a premium of 11.44 per cent at Rs 161.60 on the BSE.

Jubilant FoodWorks,which runs the Domino’s Pizza chain in India,got listed at a premium of 11.44 per cent at Rs 161.60 on the Bombay Stock Exchange (BSE) against its issue price of Rs 145.

The company also said that it plans to expand both in India and abroad.

The scrip opened at Rs 161.60 and scaled a high of Rs 198.50,up 37 per cent over its issue price on the BSE.

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On the National Stock Exchange (NSE),the scrip got listed at a premium of 10.34 per cent at Rs 160,shooting up to Rs 198 during morning trade.

In afternoon trade,the scrip was trading at Rs 201,up 38.62 per cent over its issue price.

“We will continue to open new stores in India. We also plan to open new stores in Bangladesh and Sri Lanka in the coming days,” Jubilant Organosys Chairman and Managing Director Shyam S Bhartia said.

The company has five stores in Sri Lanka and has opened 55 stores this fiscal against its plans of 65-70,he said.

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“The consumption of pizzas in the country is only about 2 per cent of the overall food market. We are looking at expanding the market by opening new stores pan-India…

Domino’s will continue to increase the number of its stores in the country in the coming days,” he said.

Though the EC’s media invitation did not specify the subject, officials said the briefing would pertain to the SIR schedule. (File)

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