Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Axis Capital Limited
$58.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Westlife Development Ltd Proposes Merger To Make Hardcastle Restaurants As Direct Subsidiary


Friday, 7 Dec 2012 01:56am EST 

Westlife Development Ltd announced that a scheme of arrangement is proposed for consolidation of some of its group companies. As a result of the proposed consolidation, Hardcastle Restaurants Private Limited (HRPL), a Master Franchisee for west & south India operations of McDonald’s Restaurants, will become a direct subsidiary of the Company (WDL). Through this move, the B.L. Jatia group proposes to consolidate HRPL (through its majority shareholder, Triple A Foods), and Westpoint Leisureparks Pvt. Ltd (majority shareholder of Triple A Foods) under Westlife Development Limited. The B.L. Jatia family holds majority ownership directly and indirectly in all these companies. Financial terms of the transaction were not disclosed. 

Company Quote

339.95
14.95 +4.60%
5:18am EDT