Why is Jubilant FoodWorks stock price down today?

Jubilant FoodWorks’ stock price is down today, 12^th June, 2025. At 12:30 p.m. Indian standard time, the stock is down by more than 1.91%. It is trading at Rs 672.50. Nifty 50 index is down by 0.43% at this time. In the past 5 days the stock has lost more than 2%.

Promoters start the process of selling minority stakes to fund Hindustan Coca-Cola purchase

The stock is down today as promoters have started the process of selling minority stake in the company and other group companies. They are doing this to raise around Rs 2,000 crore. This money will be used to partly fund the purchase of 40% stake in Hindustan Coca-Cola Beverages. Hindustan Coca-Cola is the Indian bottling subsidiary of Coca-Cola. The acquisition deal has estimated the enterprise value of Hindustan Coca-Cola at Rs 31,250 crore. Enterprise value of a company is the sum of market value of its equity, market value of its debt, minus cash and cash equivalents.

Goldman Sachs has provided $600 million to the promoter Jubilant Bhartia Group for this deal by investing in its convertible preference shares.

Stocks of other listed companies of the group are also seeing movement. At this time, stock price of Jubilant Pharmova is down by 0.66% in the day. Jubilant Ingrevia’s stock price is up by 0.94% at this time. But the stock has lost more than 3% in the past 5 days.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest. To correct any error, please write to content@hdfcsec.com.

Source: NSE