Devyani International has entered into a Joint Venture Agreement with R.K. Associates & Hoteliers (RKAHPL) for setting-up of Food Courts, standalone Food and Beverage outlets, and Lounges at the railway stations. Devyani and RKAHPL shall invest in the share capital of Joint Venture Company (JV Company) in the ratio of 51:49, respectively.
JV Company shall inter alia undertake business relating to development, operation and maintenance of Food Courts, standalone Food and Beverage outlets, and Lounges within the existing or future territories of railway stations. The JV shall aim at exploring opportunities within the existing or future territories of railway stations in India for long-term development, expansion and consolidation of Food and Beverage outlets, Food Courts, Lounges etc.
Devyani International is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (QSR) in India on a non-exclusive basis.
| Company Name | CMP |
|---|---|
| Varun Beverages | 474.05 |
| Nestle | 1285.65 |
| Britannia Inds | 5733.75 |
| LT Foods | 422.10 |
| Hatsun Agro Product | 979.20 |
| View more.. | |
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