Jubilant FoodWorks Ltd. to Invest up to Rs. 40 Crores in Netherlands Subsidiary Jubilant Foodworks Netherlands B.V.

Jubilant FoodWorks Ltd. has approved an investment of up to Rs. 40 Crores (or its equivalent in Euro) in its wholly owned subsidiary, Jubilant Foodworks Netherlands B.V., based in the Netherlands. The investment will be utilized primarily towards funding the interest payments on credit facilities availed by JFN from The Hongkong and Shanghai Banking Corporation Limited for acquisition of stake in DP Eurasia N.V. and for general corporate purposes. The proposed investment will not result in any change in the shareholding of the Company in JFN, which will continue to be a wholly owned subsidiary post investment.