United Foodbrands Limited
Kotak Mutual Fund made a new entry into United Foodbrands Limited, acquiring 10,86,093 shares, which represents a 2.78% stake in the company. The investment is valued at approximately ₹76.24 crore, based on a share price of ₹701.90.
A casual dining restaurant chain operating across India, United Foodbrands specializes in grilled meat and seafood offerings through its Barbeque Nation brand. The company manages both company-owned and franchise outlets, focusing on the interactive dining experience of tabletop grilling where customers cook at their tables. Incorporated in 2006, it operates as a vertically integrated hospitality business with a presence across multiple Indian cities and towns.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.