Copthall Mauritius Investment on Monday offloaded 3.78 lakh shares worth over Rs 63.50 crore in Jubilant FoodWorks in an open market transaction. According to the bulk deal data available with the BSE, Copthall Mauritius Investment sold 3.78 lakh shares, or 0.57 percent stake in the company. The shares were sold at an average price of Rs 1,679.97 per scrip, valuing the transaction at Rs 63.50 crore.
At the end of June quarter, Copthall held 3.89 percent stake in the company, translating into 25,52,928 shares. Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, had reported 6.27 percent increase in its standalone net profit at Rs 31.53 crore for the first quarter ended June 30, 2015. Total income from operations on a standalone basis was up 19.68 percent to Rs 570.68 crore during the quarter as against Rs 476.82 crore in the same quarter of the previous fiscal.
The company has a growing network of 921 restaurants of Domino's Pizza across India, which is the second largest market for Domino's Pizza worldwide, outside the US. It is also operating 61 restaurants of Dunkin' Donuts in the country. Shares of Jubilant FoodWorks Ltd ended the day 1.41 percent up at Rs 1,664.40 per scrip on the BSE.
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