Jubilant FoodWorks to acquire 40% stake in Roadcast Tech Solutions

Jubilant FoodWorks has entered into Share Subscription Agreement, Shareholders' Agreement and Share Purchase Agreement dated 28 July 2022 to acquire 40% stake (fully diluted basis) in Roadcast Tech Solutions.

This investment reflects the Company's intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology.

Roadcast Tech Solutions (Roadcast) offers a logistics platform for management of last-mile delivery operations. Roadcast's delivery automation SaaS platform helps clients to monitor their fleet and personnel in real-time.

Powered by Capital Market - Live News

 

Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.