Jubilant Bhartia Group is set to raise ₹5,650 crore through NCDs to partially fund its ₹12,650 crore acquisition of a 40% stake in Hindustan Coca-Cola Holdings. Jubilant Beverages and Jubilant Bevco will issue bonds with implied annualised yields around 9%. Meanwhile, Jubilant FoodWorks is halting expansion of Dunkin’ Donuts and Hong’s Kitchen to focus on Domino’s Pizza and Popeyes.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets