Latest news with #JubilantGroup
News18
a day ago
- Business
- News18
Block Trades Boost Jubilant Stocks: Ingrevia Soars 11%, FoodWorks Up 2.5%
Last Updated: Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals, with market participants attributing the trades to promoter stake sales aimed at funding the group's upcoming acquisition of a strategic stake in Hindustan Coca-Cola Beverages (HCCB). Jubilant FoodWorks rose 2.5% on the NSE, while Jubilant Ingrevia surged over 11% as significant chunks of equity changed hands via block trades. According to exchange data, five block deals involving 1.06 crore shares — or 1.6% of Jubilant FoodWorks' equity — were executed. Meanwhile, six block trades in Jubilant Ingrevia saw 98.7 lakh shares (6.2% equity) change hands. In addition, Jubilant Pharmova witnessed a single block trade comprising 48 lakh shares, amounting to roughly 3% of its equity. The cumulative value of the block transactions across the three companies is estimated at Rs 1,896 crore, as per market sources. According to reports, the Bhartia family — promoters of the Jubilant Group — likely offloaded these stakes to partially fund their earlier-announced Rs 12,500 crore investment in Hindustan Coca-Cola Holdings (HCCH). In December, the group said it would acquire a 40% stake in HCCH via its subsidiary, Jubilant Beverages Ltd. HCCH is the parent company of HCCB, India's largest bottler for Coca-Cola. Jubilant FoodWorks operates the Domino's Pizza franchise across India, Nepal, Sri Lanka, and Bangladesh. It also manages Dunkin', Popeyes, and homegrown brands like Ekdum! and Hong's Kitchen. As of June 13, its market cap stood at around Rs 45,000 crore. Jubilant Pharmova, the group's pharma and life sciences arm, focuses on sterile injectables, contract research, allergy therapy, and radiopharmaceuticals. Its market capitalisation was Rs 17,760 crore. Jubilant Ingrevia operates in the life sciences and specialty chemicals segment, manufacturing products such as vitamin B3 and B4, pyridine derivatives, and ethanol. It also provides CDMO (contract development and manufacturing) services, with a market cap of nearly Rs 12,000 crore. First Published:
News18
2 days ago
- Business
- News18
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 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
Economic Times
2 days ago
- Business
- Economic Times
Jubilant Group promoters to offload stakes in listed companies via block deals: Report
Jubilant Group stake sale: Jubilant Group promoters to divest small stakes in key listed firms as part of a broader strategy following their major Coca-Cola bottling acquisition. Jubilant Group stake sale: The Bhartia family plans to offload stakes in Jubilant FoodWorks, Pharmova, and Ingrevia via block deals. The move supports strategic capital realignment after acquiring a stake in Hindustan Coca-Cola Holdings. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Bhartia family — promoters of the Jubilant Group — is planning to sell small stakes in its listed companies through block deals, according to a report from CNBC Awaaz. As per the report, the family is set to offload 1.32 crore shares of Jubilant FoodWorks , 56 lakh shares of Jubilant Pharmova , and 1.2 crore shares of Jubilant Ingrevia The move is aimed at raising Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB), according to people familiar with the Jubilant FoodWorks, which operates popular QSR brands like Domino's Pizza and Dunkin' Donuts in India, the promoters will reportedly sell a 2% stake at a floor price of Rs 641 per share, with Morgan Stanley acting as the Jubilant Ingrevia, a specialty chemicals and nutrition products company demerged from the group in 2021, the Bhartia family is expected to offload a 7.53% stake at a floor price of Rs 627.45, which reflects an 8% discount to the prevailing market in Jubilant Pharmova, the group's pharmaceutical arm with operations spanning APIs, radiopharma, and contract research, 3.5% stake is likely to be sold at a floor price of Rs 1,013 per share, translating to a 9.9% discount to the current market stake sales come at a time when the group is preparing for a strategic realignment of capital following its recent major December 2023, the Jubilant Bhartia Group had announced a Rs 12,500 crore acquisition of a 40% stake in Hindustan Coca-Cola Holdings (HCCH) through its subsidiary Jubilant Beverages is the parent company of Hindustan Coca-Cola Beverages (HCCB), India's largest bottler of Coca-Cola products. The acquisition marked one of the group's largest diversification moves outside of its core businesses.
Business Upturn
2 days ago
- Business
- Business Upturn
Jubilant Group initiates block deals; Bhartia family to offload stake across key listed entities
In a significant market development, the Bhartia family, promoters of the Jubilant Group, is set to offload stakes in three of its listed companies via block deals, according to sources cited by Yatin Mota and CNBC Awaaz. Jubilant FoodWorks A major portion of the transaction involves Jubilant FoodWorks, where the promoters will sell 2% stake, amounting to 1.32 crore shares. The floor price has been fixed at Rs 641 per share, and Morgan Stanley is reportedly managing the deal. Other Group Companies Jubilant Pharmova : Around 56 lakh shares are expected to be offloaded. Jubilant Ingrevia: Approximately 1.2 crore shares will be sold. These strategic block deals come at a time when the group may be looking to rebalance holdings or raise funds for business needs. Market participants are closely watching the implications of this multi-company stake sale, especially given the group's significant presence in the food, pharma, and chemical sectors. More details are awaited as the deals are executed on the bourses. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
