Jubilant FoodWorks, the makers of Dominos pizza and Dunkin Doughnut, continues to remain down in the red on news of its stake sale by the promoters. The stock is down over 2.4% at Rs.1165 levels with an intra day low at Rs.1145.40.

The company informed that its promoter, Jubilant Consumer Pvt Ltd sold almost 4% stake in the company for Rs.300 crore through the open market.

These shares were sold via a block deal at an average price of Rs.1279.37/share. The record on the exchange shows that 2.29 million shares were purchased by Credit Suisse (Singapore) at an average price of Rs.1279.06/share.

As at 31st March 2016, promoters held 48.67% stake.