Barbeque-Nation Hospitality Limited agreed to acquire an additional 4.21% stake in Red Apple Kitchen Consultancy Private Limited for INR 100 million.

Barbeque-Nation Hospitality Limited (NSEI:BARBEQUE) agreed to acquire an additional 4.21% stake in Red Apple Kitchen Consultancy Private Limited for INR 100 million on May 27, 2023. 275 Equity Shares constituting 4.21%, of Red Apple, through secondary acquisition i.e., from the existing Shareholders of Red Apple for a total consideration of INR 100 million. Red Apple Turnover for FY 2022-23 is INR 910.80 million and net worth is INR 378.26 million.

Indicative time period for completion of the acquisition is June 30, 2023.