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Jubilant FoodWorks to Exit Hashtag Loyalty by Selling Complete 31.66% Stake

Jubilant FoodWorks to Exit Hashtag Loyalty by Selling Complete 31.66% Stake

Jubilant FoodWorks Limited has announced the complete divestment of its 31.66% stake in associate company Hashtag Loyalty Private Limited for ₹64.16 lakh through a Share Purchase Agreement with founder Karan Chechani. The transaction follows the discontinuance of Hashtag Loyalty's business operations and the prior impairment of the investment in FY 2024-25.

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