Jubilant FoodWorks inks MoU with Coca-Cola for beverage supply

According to the regulatory filing, the MoU outlines the principal terms and conditions for JFL to purchase sparkling beverages and other products from Coca-Cola's authorised bottlers

by e4m Staff
Published: Dec 27, 2024 10:46 AM | 1 min read

Jubilant FoodWorks Ltd (JFL) has inked a memorandum of understanding with Coca-Cola to purchase and market sparkling beverages and other products. The company announced the development on Thursday through a stock exchange filing.

According to the regulatory filing, the MoU outlines the principal terms and conditions for JFL to purchase sparkling beverages and other products from Coca-Cola's authorised bottlers.

The MoU contains the principal terms and conditions for purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company authorized bottlers and for conducting marketing activities for the products, as defined in the MoU. A Master Agreement will be executed between the parties based on the principal terms and conditions mentioned in the MoU.

“Pursuant to Regulation 30 of the Listing Regulations, it is hereby informed that Jubilant FoodWorks Limited (‘Company’) has entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India Private Limited, containing the principal terms and conditions for purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company authorized bottlers, and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU”, the filing said.