On August 27th, 2013, Westlife Development Ltd rang a new era with the Bell Ringing Ceremony at the Bombay Stock Exchange (BSE). The consolidation of the group companies under Westlife Development opened up options for accelerating the growth plans for expanding McDonald’s restaurants in west and south India. The consolidation also opened up opportunities for the India market to invest in the growth of the McDonald’s Franchisee, Hardcastle Restaurant Pvt Ltd, through Westlife Development.
Post the consolidation of the group companies, marquee investors such as Arisaig India Fund Ltd and Tree Line Asia Master Fund (Singapore), Ward Ferry Fund, SBI Mutual Fund among others are stakeholders invested in Westlife Development Ltd to participate in the growth story of brand McDonald’s in India.
WDL will continue to broad base its investors over the coming years. The long-term business potential of WDL remains attractive and company is on course of its mission of responsible and profitable growth for its shareholder.