Jubilant Consumer Sells ₹1,800 Crore Worth of Shares in Jubilant FoodWorks, Ingrevia, Pharmova via Block Deals
By HDFC SKY | Updated at: Jun 14, 2025 04:20 PM IST
New Delhi, June 14, 2025 — Promoter entities of the Jubilant Group executed large block and bulk deals across three group firms—Jubilant FoodWorks, Jubilant Ingrevia, and Jubilant Pharmova—offloading a combined stake worth approximately ₹1,801 crore on Friday.
As per NSE block deal data, Jubilant Consumer Pvt Ltd, the promoter of Jubilant FoodWorks Ltd (JFL), sold 1.09 crore shares, translating to a 1.66% stake in the quick-service restaurant major. The deal was executed in compliance with insider trading norms and followed prior pre-clearance under the company’s Code of Conduct.
Simultaneously, Jubilant Enpro, Nikita Resources, and the Shyam Sunder Bhartia Family Trust—promoter entities of Jubilant Ingrevia Ltd—divested 98.65 lakh shares, accounting for a 6.2% stake, via another block deal on the exchange.
In the third leg of the transactions, Jubilant Enpro and Nikita Resources, promoters of Jubilant Pharmova Ltd, collectively sold 32.86 lakh shares, representing 2.06% of the company, in a separate bulk deal.
Deal Snapshot
| Company | Promoter Entity | Shares Sold | Stake (%) | Estimated Value (₹ Cr) |
|---|---|---|---|---|
| Jubilant FoodWorks | Jubilant Consumer Pvt Ltd | 1.09 crore | 1.66% | ~739 |
| Jubilant Ingrevia | Enpro, Nikita, SSB Family Trust | 98.65 lakh | 6.2% | ~774 |
| Jubilant Pharmova | Enpro, Nikita Resources | 32.86 lakh | 2.06% | ~288 |
| Total | – | – | ~₹1,801 crore |
The shares were traded in the range of ₹662 to ₹1,060.37 per share, based on deal prices listed on the exchange.
Post-Transaction Shareholding (Approx.)
| Company | Pre-Sale Holding | Post-Sale Holding |
|---|---|---|
| Jubilant FoodWorks | 41.94% | 40.28% |
| Jubilant Ingrevia | 51.47% | 45.27% |
| Jubilant Pharmova | 50.68% | 48.12% |
Key Institutional Buyers
Major domestic and global investors participated in these deals. Buyers included Societe Generale, Morgan Stanley, Kotak Mahindra Mutual Fund, ICICI Prudential Life Insurance, Bandhan Mutual Fund, HDFC Mutual Fund, Axis MF, Bajaj Allianz Life, and Canada-based AIMCo (Alberta Investment Management Corporation).
For Jubilant Pharmova, Kotak Mahindra Mutual Fund was confirmed to have acquired the entire 2.06% stake sold in the deal.
Stock Market Reaction
| Stock | Close Price (₹) | % Change |
|---|---|---|
| Jubilant FoodWorks | 682.00 | +2.12% |
| Jubilant Ingrevia | 784.90 | +15.09% |
| Jubilant Pharmova | 1,092.20 | –2.97% |
While Jubilant Ingrevia rallied sharply post-deal on strong institutional interest, Jubilant Pharmova shares declined amid near-term supply overhang.
About Jubilant Group
The Jubilant Bhartia Group is a diversified conglomerate with presence across pharmaceuticals, life sciences, food services, and chemicals. Its listed companies include Jubilant FoodWorks Ltd (Domino’s, Popeyes, Dunkin’), Jubilant Ingrevia Ltd (chemical and life science ingredients), and Jubilant Pharmova Ltd (pharmaceuticals and contract research). All entities are listed on the NSE and BSE.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/04fcff28-fde5-4a07-8b1f-44dbcba5db9e.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
