Jubilant food works, the authority that runs Domino’s Pizza and Dunkin Donuts in Indian Subcontinent has declared to invest around a cent crores of money to secure a stake percent in leading hospitality service firm. Jubilant food works is going to buy around 10% stake in Barbeque Nation Hospitality Ltd (BNHL), which runs the popular Barbeque Nation (BBQ) chain of restaurants. “The company will acquire 36,50,794 fully paid-up equity shares of face value of ₹5 each aggregating to a 10.76% stake in BNHL.

This new takeover will help ameliorate the conditions of Jubilant food works in the cuisine and dine-in centric market and expand their outreach in the same.

In the similar efforts to take on key areas of the food and restaurant sector Jubilant food works launched Biryani Chain “Ekdum” that targeting the rice variant eating sections of its patron.Biryani remains the most ordered dish across food delivery platforms Zomato and Swiggy. It will now also own a share in the casual dining market through the investment in Barbeque Nation.

BNHL owns and operates 138 Barbeque Nation brands of casual dining restaurants that offer over-the-table barbeque live grills for diners in 73 cities across India, besides seven restaurants overseas. It also has a presence in the Italian cuisine segment under the brand, Toscano. According to latest available data, in fiscal 2019, BNHL posted a consolidated total revenue of ₹742.5 crore and a net loss of ₹38 crore.

BNHL is promoted by Sayaji Hotels Ltd, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani, and Suchitra Dhanani. In November 2018, the food services company also launched UBQ by Barbeque Nation, an à la carte Indian cuisine brand in the value segment, according to a draft prospectus filed by the company in February this year.

Barbecue nation was founded in 2006 by Sajid Dhanani, a food and culinarian enthusiast at Dombivli in Mumbai, Maharashtra. It offers unlimited starters and main course delicacies at a certain price caps has more than 50 outlets in Delhi and other parts of North India.

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