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Devyani International shines on inking agreements to acquire controlling interest in operating company

19 Dec 2023 Evaluate

Devyani International is currently trading at Rs. 193.40, up by 10.10 points or 5.51% from its previous closing of Rs. 183.30 on the BSE.

The scrip opened at Rs. 190.10 and has touched a high and low of Rs. 197.45 and Rs. 189.70 respectively. So far 885724 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 227.75 on 11-Sep-2023 and a 52 week low of Rs. 134.05 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 197.45 and Rs. 181.25 respectively. The current market cap of the company is Rs. 22103.39 crore.

The promoters holding in the company stood at 62.74%, while Institutions and Non-Institutions held 21.58% and 15.68% respectively.

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

106.72 -1.00 (-0.93%)
20-Apr-2026 16:59 View Price Chart
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