The move is to boost the diversified group… Amit Jatia is a businessperson who has been the head of 5 different companies. Birla agreed to pay Rs 425 crore to buy the two-storey house in the city’s tony Malabar Hill area on Monday after a day-long auction. The scheme of arrangement involves the consolidation of BL Jatia group companies, Hardcastle Restaurants Private Limited (HRPL), through its majority shareholder, Triple A Foods, and Westpoint Leisureparks, a majority shareholder of Triple A Foods, under Westlife Development Limited (WDL). Supreme holding and hospitality (India) ltd. was founded in 1982 In April 1994, it went on to become a Public-listed company. The bungalow was built in the 1950s and owned by Arun and Shyam Jatia of Pudumjee Pulp and Paper Mills Ltd, part of the MP Jatia Group of Companies. Hardcastle Restaurants Private Limited, a master franchisee for west and south India operations of McDonald’s Restaurants, has become a direct subsidiary of Westlife Development Limited. On Friday, BL Jatia-group promoted, BSE-Iisted West- life (WDL) an- nounced a proposal to con- solidate its group firms in- eluding Hardcastle Restau- rants (HRPL) — the master franchisee for west and south India operations of McDonald's. As a consequence of the merger of the companies, the equity base of Westlife Development would expand to 15 crore shares. In 2011, McDonald's had sold its 50 per cent stake in HRPL back to the BL Jatia-owned company. MUMBAI: Kumar Mangalam Birla, chairman of the $41-billion Aditya Birla Group, outbid rivals to emerge as the highest bidder for the sea-facing Jatia House in Mumbai’s largest-ever property deal. “Till around 2007, we used to have a high exposure in equities,” he says. Hardcastle controls the western and the southern markets. Findoc group may also provide the client with the username and password for accessing it’s back-office for various reports and account statements etc. Two promoters of the company—Lalita Devi Jatia and Usha Devi Jatia offloaded almost their entire holding amounting to a total of 16.77 lakh shares. The fast food chain's operations in west and south India is run by the BL Jatia Group-owned Hardcastle Restaurants under a development licence from McDonald's Corporation, USA. READ PAPER. India. Diversified group of manufacturing and service providing companies, active in pulp and paper, textiles, agriculture, real estate and environmental engineering. Bakshi also made it clear that he will not sell his stake to the US partner or to the second Indian franchisee, Hardcastle Restaurants, run by BL Jatia Group. Jindal Group of Companies. Amit Jatia and McDonald's stuck by each other and adapted to value-conscious, vegetarian India. Priya Jatia Priya Ashok Jatia is an MBA student at XLRI, Jamshedpur. Westlife Development Ltd. was incorporated in the year 1982. After 15 meagre years, they're finally feasting Under the terms of the investment, henceforth, McDonald's will not invest in Hardcastle Restaurants, but will lend its brand name for royalty and provide with training, development and knowledge. Westlife Development Shareholding Pattern - Promoter and Promoter Group - September 2019. As part of the The BL Jatia Family will convert the business into a franchise operation. On 28th August, a total of 29.15 lakh shares worth Rs99.25 crore were sold by the promoters at an average trading price of Rs341 per share. Latest Slideshows. The BL Jatia group is consolidating Hardcastle Restaurants, which runs the McDonald’s franchise in the west and south, into its listed company, Westlife Development. “We are not negotiating with anyone to … Hardcastle will become a direct subsidiary of Westlife, hitherto an indirect subsidiary. Requires Acrobat Reader. The move will bring the BL Jatia Group's Hardcastle Restaurants (through its majority shareholder Triple A Foods) and Westpoint Leisureparks (majority shareholder of Triple A Foods) under Westlife Development, with interests in trading, hospitality and quick service restaurants. After 15 meagre years, they're finally feasting An email sent to Hardcastle's vice-chairman Amit Jatia seeking a response went unanswered. Currently, Mr. Jatia holds the position of Vice Chairman & Chief Executive Officer at Westlife Development Ltd. and Member of Young Presidents' Organization (Mumbai). Aditya Birla Group, Chairman, Kumar Mangalam Birla, buys the iconic Jatia House bungalow in Malabar Hill of Mumbai on Tuesday. 4 Full PDFs related to this paper. Assam’s nets, traps and hooks for fishing . Technical information on PDF files. Amit Jatia is one of India’s leading businessmen and Vice Chairman of Westlife Development Ltd. A pioneer of the Quick Service Restaurant industry in India, he is credited with the successful launch and growth of the McDonald’s brand in the country, that consequently set the stage for an industry that would see the proliferation of various fast food chains and cafes going forward. Mr. Jatia is also on the board of 17 other companies. Promoting start-ups, improving infratructure and passing Bankruptcy Bill should top the agenda. Jindal as a manufacturer of Steel Pipes and Pipe Fittings. America changed Amit Jatia Under the terms of the investment, henceforth, McDonald’s will not invest in Hardcastle Restaurants, but will lend its brand name for royalty and provide with training, development and knowledge. Its outlets in the western and southern parts of the country are run by the BL Jatia Group-promoted Hardcastle Restaurants, which had bought the US … Its today's share price is 452.3. Sureka Group, Merlin Group and JB Group announced that they were taking over the company as well as its project at the satellite township for Rs.150 crore, in an all-cash deal ABOUT THE GROUP. Tissue, security and specialty papers from bagasse and cotton pulp. Amit Jatia, scion of the BL Jatia family, whose businesses include the McDonald’s franchise in western and southern India, real estate and industrial lubricants, is already on the job. The MP Jatia Group which also includes Pudumjee pulp and paper back the. 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