Bhartia Family Likely To Offload Stakes In Three Jubilant Companies Via Block Deals
Last Updated:
The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals
The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals, sources told News18.com. The move comes as part of a broader strategy to raise funds, possibly linked to its planned investment in the beverage sector.
According to sources, the promoter group will sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through these transactions.
In Jubilant FoodWorks, the promoter is expected to divest a 2% stake at a floor price of Rs 641 per share, with Morgan Stanley acting as the broker for the deal.
Meanwhile, the Jubilant Ingrevia stake sale will see the Bhartia family offload 7.53% of the company at a floor price of Rs 627.45 per share, representing an 8% discount to the current market price.
Earlier, on June 12, Moneycontrol reported that the Bhartia family was eyeing block deals in listed Jubilant firms to help fund its acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)—the Indian bottling arm of global beverage giant Coca-Cola.
The landmark transaction was first announced in December 2023, when Jubilant Bhartia Group revealed it had entered into a definitive agreement to acquire 40% equity in Hindustan Coca-Cola Holdings (HCCH)—the parent of HCCB—through Jubilant Beverages Ltd, for a total consideration of Rs 12,500 crore.
HCCB is the single-largest bottling partner for Coca-Cola in India, making the acquisition a major strategic move for the group's future diversification.
Jubilant FoodWorks Ltd is the master franchisee for Domino's Pizza in India, Nepal, Sri Lanka, and Bangladesh. It also operates Dunkin' Donuts and Popeyes, alongside its own brands Ekdum! and Hong's Kitchen. As of June 12, the company had a market capitalisation of Rs 43,795 crore.
Jubilant Pharmova Ltd, the group's pharmaceutical and contract research arm, operates in sterile injectables, novel drug discovery, CRO services, allergenic extracts, and U.S.-based radio-pharmacy businesses. Its market cap is around Rs 17,760 crore.
Jubilant Ingrevia Ltd is the group's demerged life sciences and specialty chemicals business, engaged in the production of vitamins B3 and B4, pyridine derivatives, ethanol, and CDMO (Contract Development and Manufacturing Organization) services. As of June 12, it had a market capitalisation of Rs 10,753 crore.
Shares of Jubilant FoodWorks Ltd closed at Rs 665.75 on the BSE, down Rs 20.10, or 2.93%, while Jubilant Ingrevia Ltd ended at Rs 683.45, up Rs 4.80, or 0.71%. Jubilant Pharmova Ltd settled at Rs 1,125, down Rs 19.90, or 1.74%.
First Published:
June 13, 2025, 07:29 IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
16 minutes ago
- Economic Times
Employee gets appraisal after one year but gets shock of his life when he looks at his salary
A deeply disillusioned professional took to Reddit's Indian Workplace community to vent about a distressing experience that left them emotionally shattered and financially frustrated. Their warning was simple yet powerful—avoid working for family-owned businesses, particularly the kind often called " Lala companies ," where decisions are often arbitrary and heavily skewed in favor of the individual had been employed at such a firm for over a year, patiently enduring difficult circumstances with the hope that annual appraisal season might bring some reward. When the time finally arrived, the increase they received was a meager Rs 1,200. Although clearly underwhelming, they tried to find solace in the idea that any increment, however small, was still progress. They convinced themselves to stay optimistic, choosing to focus on the fact that at least their salary was technically on the what followed turned that small relief into utter disappointment. It came to light that the company had failed to deduct Provident Fund (PF) contributions for years. Instead of acknowledging their error or offering a fair solution, management decided to retroactively deduct Rs 1,800 from the employee's next paycheck to "rectify" the mistake. With the increment at Rs 1,200 and the deduction being ₹1,800, the net impact on the new salary was a decrease of Rs 600. What was supposed to be an appraisal turned into a financial setback , making the situation feel both absurd and deeply post quickly gained traction on Reddit, resonating with many others who had experienced similar forms of exploitation. Numerous users chimed in with their own horror stories and harsh critiques of such workplaces. One commenter was shocked by the insultingly low increment and urged the original poster to start searching for a new job immediately, calling such firms abusive and user shared their ordeal of being offered a job with absolutely no salary hike and even having ₹1,000 held back from each monthly payment, to be paid out only after a year. Yet another added that their current position in a mid-sized pharmaceutical company—also run in a similar family-dominated manner—was plagued by incompetent leadership. Their manager, described as toxic and intellectually lacking, maintained job security simply because of a long-standing relationship with the owner, rather than actual merit.
Hindustan Times
21 minutes ago
- Hindustan Times
'Prince William's billionaire friend': How US, UK media reported Karisma Kapoor's ex-husband Sanjay Kapur's death
To Bollywood audiences, Sunjay Kapur, who died on Thursday, may have been Karisma Kapoor's ex-husband, but to the wider international community, he was much more - an industrialist, a polo player, and a friend of royalty. The international media also reported Sunjay's death, but their focus was largely on his businesses and links to royalty, rather than the Bollywood connection. (Also read: Sunjay Kapur's funeral to be held in Delhi, but legal hurdle in getting body back to India) Sunjay Kapur died after suffering a heart attack while he was in the middle of a polo match in London on Thursday. The 53-year-old was a regular in the polo circles of the UK, which is how he came to be associated with Prince William. The Prince of Wales has been described as a friend of the late businessman. The New York Post's headline about Sunjay's death read: "Prince William's billionaire pal Sunjay Kapur dead after swallowing bee during polo match". People Magazine also focused on Sunjay's friendship with William and the bizarre reported nature of his death. "Prince William's friend dies after swallowing a bee at Windsor polo match," read their headline. The New York Times, however, highlighted his marriage to Karisma. Their headline read: "Sunjay Kapur, businessman and ex-husband of Bollywood star, dies at 53." Most British publications also mentioned Prince William in their reportage of the billionaire businessman's death. "Billionaire friend of Prince William dies from heart attack after 'swallowing a bee'," wrote the Daily Mail. Similarly, the Telegraph reported, "Billionaire friend of Prince of Wales dies after 'swallowing a bee'." Sunjay Kapur was the chairman of auto components maker Sona Comstar. After taking over as managing director of the company after his father's death in 2015, Sunjay spearheaded its expansion into China, Mexico, Serbia and the U.S. As per Bloomberg, Sona Comstar has a market cap of ₹31000 crore (nearly $4 billion). According to Forbes, Sunjay Kapur had a net worth of $1.2 billion ( ₹10300 crore) at the time of his death. The London-based Indian business tycoon had been married to Karisma Kapoor from 2003-16. The two have two children. Sunjay was previously married to fashion designer and stylist and Nandita Mahtani from 1996-2000. Since 2017, he had been married to model-turned-actor Priya Sachdev, with whom he had a son.
Indian Express
21 minutes ago
- Indian Express
33 ground victims of Air India crash will also get Rs 1 crore compensation from Tatas
While the death toll in the Air India Dreamliner crash in Ahmedabad touched 274 as of Saturday, 33 people who died on the ground will also get the compensation announced by the Tata group. According to the Tata group, people who died on the ground will be eligible for the Rs one crore compensation and the Tatas will cover the medical expenses of those who were injured in the crash. They will make sure that injured individuals receive all the care and support they need. People who died and were injured in the crash are believed to include doctors, students, hospital staff and local residents from the Meghaninagar area, which is close to the airport. The Tatas will provide support in the reconstruction of the B J Medical's hostel, which was hit and badly damaged in the Dreamliner crash. The death of 241 passengers and crew were confirmed dead on board the plane. There is one survivor of the crash. The remaining 33 victims were likely individuals present on the campus of Ahmedabad's BJ Medical College at the time of the crash. When asked whether the Tatas will provide any assistance beyond the financial compensation like offering jobs to the next of kin, an official said, 'nothing has been decided at the moment. We are still assessing the situation and investigation has begun.' Apart from Rs one crore announced by the Tatas, passengers who died in the crash will also get compensation of nearly Rs 1.5 crore from insurance companies. The primary insurers for the Air India policy are: Tata AIG General Insurance (lead insurer with over 40 per cent share), ICICI Lombard General Insurance, New India Assurance and other PSU general insurers. The final bill will be taken by the reinsurers led by AIG.
