Westlife Development strengthens as its arm launches two new restaurants in Karnataka

10 Dec 2014 Evaluate

Westlife Development is currently trading at Rs. 315.80, up by 5.40 points or 1.74% from its previous closing of Rs. 310.40 on the BSE.

The scrip opened at Rs. 309.05 and has touched a high and low of Rs. 320.00 and Rs. 309.05 respectively. So far 876 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.00 on 21-Feb-2014 and a 52 week low of Rs. 260.00 on 26-Nov-2014.

Last one week high and low of the scrip stood at Rs. 321.00 and Rs. 306.00 respectively. The current market cap of the company is Rs. 4911.75 crore.

The promoters holding in the company stood at 62.19 % while Institutions and Non-Institutions held 21.51 % and 16.30 % respectively.

Westlife Development’s wholly owned subsidiary- Hardcastle Restaurants (HRPL), a Master Franchisee for west & south India operations of McDonald's Restaurants has made its entry into Mangalore with the launch of two restaurants in quick succession. These launches add to the established network of 74 restaurants across Southern India.

McDonald's iconic golden arches will first be seen at the Forum Fiza Mall located at Madison Road, followed by the launch of its second restaurant at the City Centre Mall situated at K S Rao Road. The 128 seat attractive new restaurant at the centrally located Forum Fiza Mall sprawls over 3500 sq. ft and offers comfortable seating for guests while the restaurant at City Centre Mall can seat up to 134 guests within the restaurant and 32 guests outdoors.

The two new restaurants reflect best-in-class design with a full range of amenities and services unique to McDonald's restaurants around the world. The restaurant is designed as a modern dining destination with free Wi-fi internet access, family-friendly amenities like a party room and ample parking for vehicles.

Hardcastle Restaurants (HRPL) is a subsidiary of BSE listed Westlife Development, which focuses on putting up and operating Quick Service Restaurants (QSR) in India. HRPL is a McDonald’s franchisee with rights to own and operate McDonald’s restaurants in India’s west and south markets. HRPL has been a franchisee in this part of India since its inception in 1996.

Westlife Development Share Price

732.95 -0.15 (-0.02%)
15-Jan-2025 10:49 View Price Chart
Peers
Company Name CMP
Westlife Development 732.95
Restau. Brands Asia 76.01
Barbeque-Nation Hosp 399.40
Coffee Day Enter. 28.88
Speciality Restauran 145.70
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