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Westlife Development shares also list on NSE

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Bengaluru: Westlife Development (WDL), the owner of Hardcastle Restaurants, announced that its shares are now trading on the National Stock Exchange (NSE).

The master franchisee of US-based McDonald’s fast food chain of restaurants in West and South India has been listed on BSE since 1983.

The NSE has an estimated base of about 6 crore retail investors.

The trading of WDL’s shares on NSE will help in broad-basing the investor base and enable more people to participate in the company’s growth, stated the stock exchange filing.

Amit Jatia, vice-chairman of WDL, said, “The Western Quick Service Restaurant industry is poised for accelerated growth with an estimated five-year CAGR of more than 12%.

With menu innovation, digitization across operations and continuous investment in footprint growth, WDL will drive growth.

The trading of the Company’s shares on the NSE will allow more investors to be a part of this journey and create long-term value.” Through Hardcastle Restaurants, WDL operates about 300 McDonald’s restaurants across 41 cities in West and South India through various formats and brand extensions including standalone restaurants, drive- thru’s, 24/7, delivery and dessert kiosks.

The menu features burgers, finger foods, wraps, salads, beverages and desserts.




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