Moments after consuming some amount of the meal, Shukla discovered a dead mouse in the vegetarian dish that he had ordered. The man was absolutely shocked and fell sick. He was later hospitalised.
Motilal Oswal recommended Neural rating on Barbeque-Nation with a target price of Rs 690 in its research report dated December 26, 2023.
Its total income from operations declined to Rs 305.9 crore during the quarter under review, from Rs 312 crore in the year-ago period.
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With H2 being seasonally strong (owing to festivities and higher propensity to consume outside food) as well as recent softening of input prices, the financial performance would only improve.
Motilal Oswal says the industry is well-placed to take advantage of a young population, growing income, changing lifestyles, internet penetration and the boom in the food tech space
The housing finance company tells Securities Appellate Tribunal that SEBI was focusing more on the articles of association, which is an agreement between two shareholders. Housing financier cites a similar deal by LIC Housing Finance and Barbeque Nation to bolster its case.
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Some companies have listed with a hefty premium in recent years despite red ink on their balance sheets, and now some firms with losses up to almost Rs 2,500 crore are heading for an IPO.
Company has been generating healthy operating cash, said Rahul Agrawal, CEO of Barbeque Nation Hospitality
BNHL operates Barbeque Nation (BBQ), an Indian cuisine casual dining Brand, which introduced the concept of live grilling of kebabs to the Indian market.
The Dhanani family hold 45.7 percent in Barbeque Nation through a subsidiary of their listed flagship Sayaji Hotels
CX Partners owns 21.72 percent stake in Barbeque Nation and entered the company in 2013.
The company has not closed even a single restaurant for lack of business, he added. Founded in 2006 in India, Barbeque Nation has over 102 outlets across major cities and towns in the country
However, the Securities and Exchange Board of India (Sebi) did not clarify on whether violations have been committed by the company or related entities.
The company has appointed Edelweiss Securities and IIFL as merchant bankers to the issue
The IPO may or may not involve fresh issue of shares but part stake sale by majority shareholder CX Partners is certain, a person familiar with the IPO process said.
"We have 74 restaurants in India and one in Dubai. We will start another 50 restaurants in the next fiscal and will have 300 restaurants by 2020," Barbeque Nation Hospitality Ltd (Regional Manager South) Ritam Mukherjee said here.
Kayum Dhanani's Barbeque Nation has grown from a tier 2 city restaurant to a tier 1 chain. And it is scaling fast
Barbeque Nation, a subsidiary of Sayaji Hotels is looking at capital expenditure of Rs 50 crore in FY12, says Sajid R Dhanani, managing director of Sayaji Hotels tells CNBC-TV18.