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Friday, December 7, 2012 - 17:30 IST
Jatias consolidating half of McDonald’s India ops within listed firm Westlife, looking to raise funds
BY Diksha Dutta
Jubilant Foodworks, the India franchisee for Domino’s chain which is twice the size of Hardcastle, has a market cap of Rs 8,500cr, as against Westlife’s Rs 275cr.
BL Jatia Group is consolidating Hardcastle Restaurants Pvt Ltd with a subsidiary of the public-listed firm Westlife Development Ltd. Hardcastle is the master franchisee for McDonald’s chain for south and west India.
Westlife Development has two direct subsidiaries...
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