Jubilant FoodWorks has divested its entire 31.66% stake in Hashtag Loyalty Private Ltd. to Mr. Karan Chechani, one of Hashtag’s founders. The transaction, formalized through a Share Purchase Agreement on December 29, 2025, will result in Hashtag ceasing to be an associate company. Jubilant FoodWorks had previously fully impaired its investment in Hashtag during the financial year 2024-25.
Stake Sale Overview
Jubilant FoodWorks Limited has finalized the sale of its complete stake in Hashtag Loyalty Private Limited (‘Hashtag’). A Share Purchase Agreement was executed on December 29, 2025, with Mr. Karan Chechani, a founder of Hashtag, for the sale of the company’s entire 31.66% stake.
Impact of the Transaction
Following the completion of this transaction, Hashtag will no longer be an associate company of Jubilant FoodWorks. The decision to sell the stake comes after Jubilant FoodWorks fully impaired its investment in Hashtag during the financial year 2024-25.
Financial Details
The total consideration to be received from the sale of the entire stake is Rs. 6,415.94. The sale is expected to be completed on or before February 12, 2026. For the financial year 2024-25, Hashtag’s total income was 27.47 million, with a net worth of 1.22 million as of March 31, 2025. Hashtag’s contribution to Jubilant FoodWorks Ltd.’s consolidated financial statements was Nil.
Source: BSE
