Barbeque-Nation Hospitality Limited agreed to acquire an additional 4.21% stake in Red Apple Kitchen Consultancy Private Limited for INR 100 million.
May 26, 2023
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Barbeque-Nation Hospitality Limited (NSEI:BARBEQUE) agreed to acquire an additional 4.21% stake in Red Apple Kitchen Consultancy Private Limited for INR 100 million on May 27, 2023. 275 Equity Shares constituting 4.21%, of Red Apple, through secondary acquisition i.e., from the existing Shareholders of Red Apple for a total consideration of INR 100 million. Red Apple Turnover for FY 2022-23 is INR 910.80 million and net worth is INR 378.26 million.
Indicative time period for completion of the acquisition is June 30, 2023.
Barbeque-Nation Hospitality Ltd is an India-based company, which is primarily engaged in the business of operating casual dining restaurant chain in India. The Company operates through the setting up and managing restaurant business segment. The Company provides a variety of meats, vegetables, sauces and condiments. It offers menu options, both vegetarian and non-vegetarian. It also operates an Italian cuisine restaurant chain under the Toscano brand. It owns and operates around 200 outlets in India, four outlets in the UAE, one outlet in Malaysia and one outlet in Oman. The Company operates restaurants across India, namely Agra, Ahmedabad, Belgaum, Bengaluru, Chandigarh, Chennai, Dimapur, Durgapur, Erode, Faridabad, Ghaziabad, Goa, Indore, Jaipur, Jammu, Kanpur, Lucknow, Ludhiana, Mangalore, Mumbai, Mysore, Nellore, New Delhi, Noida, Ranchi, Salem, Vadodara, Varanasi, Vijayawada, Visakhapatnam, Zirakpur and others.