Jubilant Foodworks Limited has informed the Exchange about Update on sale of stake in Pizza Restaurants LLC, a step- down subsidiary company in Russia
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Jubilant Foodworks, the operator of Domino's Pizza in India, has shared an update with the stock exchange regarding the sale of its stake in Pizza Restaurants LLC, a step-down subsidiary based in Russia. The company had exposure to Domino's Pizza operations in Russia through this entity. This update indicates ongoing progress toward exiting or reducing its Russian business presence, likely in line with earlier stated plans to divest international operations. Specific details on the sale consideration, buyer, or completion timeline have not been disclosed in this filing.
Shareholders may view this as a step toward simplifying the company's business footprint and focusing on its core Indian market. Any monetisation from this sale could strengthen cash reserves, though clarity on proceeds and deal closure will be watched closely.