Sale29 Dec 2025, 09:11 pm
Jubilant FoodWorks Sells Entire Stake in Hashtag Loyalty for Rs. 6,415.94
AI Summary
Jubilant FoodWorks Limited has executed a Share Purchase Agreement dated December 29, 2025, to sell its entire stake (31.66%) in Hashtag Loyalty Private Limited to Mr. Karan Chechani, one of the founders of Hashtag. The transaction is expected to be completed by February 12, 2026. During the previous financial year 2024-25, the Company had fully impaired its investment in Hashtag. Post completion of the transaction, Hashtag will cease to be an associate of the Company.
Key Highlights
- Jubilant FoodWorks to sell entire stake (31.66%) in Hashtag Loyalty
- Transaction to be completed by February 12, 2026
- Hashtag to cease being an associate of Jubilant FoodWorks post transaction
- Company had fully impaired its investment in Hashtag during FY 2024-25
- Buyer is Mr. Karan Chechani, one of the founders of Hashtag