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"The FPO comprises equity shares of face value of Rs 2 each aggregating to Rs 4,300 crore. The issue also includes a reservation of up to 10,000 equity shares for subscription by eligible employees. If such placement is completed, the follow-on size will be reduced," Ruchi Soya said in a statement.

The dividend payout will be Rs 2,220.19 crore with a record date of March 22.

The Nifty Auto index was trading 0.96 per cent down at 9883.5.

The fintech platform of the company, BankSe, has an arrangement with 21 banks and financial firms to offer loan products.

The stock quoted a 52-week high price of Rs 171.35 and low of Rs 125.2.

The Reserve Bank of India (RBI) had on November 29 last year superseded the board of Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 33454.15 Crore) operating in Tourism & Hospitality sector.

As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 17.25 per cent and domestic institutional investors had 1.81 per cent.

The US dollar index, which measures the currency against a basket of six major rivals, was last at 99.25 as against 98.60 around 5 pm on Friday.

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies.