Barbeque-Nation Hospitality Limited agreed to acquire an additional 3.06% stake in Red Apple Kitchen Consultancy Private Limited for INR 58 million.

Barbeque-Nation Hospitality Limited (NSEI:BARBEQUE) agreed to acquire an additional 3.06% stake in Red Apple Kitchen Consultancy Private Limited for INR 58 million on February 7, 2023. 200 Equity Shares constituting 3.06%, of Red Apple, through secondary acquisition i.e., from the existing Shareholders of Red Apple for a total consideration of INR 58 million. Red Apple Turnover for FY 2021-22 is INR 466.29 million and net worth is INR 299.18 million.

Indicative time period for completion of the acquisition is March 31, 2023.