Jubilant Foodworks Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
JUBLFOOD · price
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Jubilant Foodworks clarified media reports about promoter stake sales in listed group companies via block deals. The company confirmed that Jubilant Consumer Private Limited (JCPL), a promoter entity, sold 1,09,80,000 equity shares (1.66% shareholding) through a block deal on June 13, 2025. The sale was executed after obtaining pre-clearance under the company's Insider Trading Code of Conduct. The disclosure was made under Regulation 30(11) of SEBI Listing Regulations following a material price movement in the stock.
Promoters reducing their stake by 1.66% through a block deal is generally seen as a mildly negative signal by retail investors, as it indicates the selling promoter group's intent to monetise holdings. However, the orderly execution via pre-cleared block deal limits surprise, and the promoter group retains significant majority control in the company.