Westlife Foodworld Debut on NSE
Westlife Foodworld Ltd., the renowned food services company responsible for the operation of McDonald’s restaurants in West and South India, has officially made its debut on the National Stock Exchange (NSE) with the ticker symbol Westlife. Previously limited to trading permissions, the company’s listing on both the NSE and BSE will enhance accessibility for a wider range of shareholders, according to a statement released on Monday.
Westlife Foodworld’s primary focus lies in establishing and managing quick-service restaurants across India through its subsidiary, Hardcastle Restaurants Pvt. Ltd. (HRPL). HRPL holds the McDonald’s franchise rights for operating and owning restaurants in the Western and Southern regions of India, currently overseeing 357 McDonald’s outlets situated across 56 cities.
The inclusion of Westlife Foodworld on a prominent stock exchange like the NSE is expected to significantly raise the company’s visibility and that of its shares. This development ensures a heightened level of regulatory compliance across both exchanges and simplifies the trading process for potential investors, as emphasized by the company.
Chairperson of Westlife Foodworld Ltd., Amit Jatia, expressed his enthusiasm about the listing, considering it a significant milestone for the company. Jatia stated, “We are thrilled to announce our company’s listing on the National Stock Exchange, representing a crucial step in our journey. We firmly believe that this announcement will unlock opportunities for more investors to participate in our growth trajectory. Our commitment remains steadfast in delivering value to all stakeholders, including our esteemed customers, dedicated employees, loyal shareholders, and the communities we serve.”
Furthermore, Westlife Foodworld recently revealed its ambitious Vision 2027 plan, aimed at expanding the presence of the McDonald’s burger chain in Western and Southern India.
About Westlife Foodworld:
Westlife Foodworld Limited, an Indian fast food restaurant holding company, operates through its wholly owned subsidiary, Hardcastle Restaurants Pvt. Ltd. This subsidiary holds the exclusive master franchise for McDonald’s in the Western and Southern regions of India.
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