SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Devyani International inks agreements to acquire controlling interest in operating company

18 Dec 2023 Evaluate

Devyani International through its subsidiary in Dubai i.e. Devyani International DMCC has entered into a Share Purchase Agreement and Shareholders Agreement and other transaction documents to acquire controlling interest in operating company i.e. Restaurants Development (RD), operating a chain of 274 KFC restaurants (as of September, 2023) across Thailand, by way of acquiring equity stakes in RD and its holding companies in Thailand, subject to regulatory and other approvals (if any).

Besides, Devyani International DMCC has entered into an Investment Agreement with the Company and Camas Investments (Camas), an affiliate of Temasek Holdings (Temasek). Pursuant to the Investment Agreement and subject to fulfilment of certain conditions as mentioned in the Investment Agreement, the Company and Camas have agreed for a total investment commitment of up to AED 151.5 million (around Rs 3.4 billion) and AED 145.5 million (around Rs 3.3 billion) respectively, subject to regulatory and other approvals (if any). Post investment, the Company and Camas shall be holding equity in the ratio of 51:49 respectively in Devyani International DMCC. These funds shall be utilized to part finance the above acquisition.

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.


Devyani Internatl. Share Price

116.90 1.55 (1.34%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Nestle 1415.35
Varun Beverages 529.15
Britannia Inds 5189.70
LT Foods 382.75
Hatsun Agro Product 923.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: