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Devyani International shines on incorporating Subsidiary Company

31 Jan 2024 Evaluate

Devyani International is currently trading at Rs. 181.90, up by 6.80 points or 3.88% from its previous closing of Rs. 175.10 on the BSE.

The scrip opened at Rs. 175.25 and has touched a high and low of Rs. 182.90 and Rs. 175.25 respectively. So far 269478 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. 182.90 and Rs. 171.00 respectively. The current market cap of the company is Rs. 21922.51 crore.

The promoters holding in the company stood at 62.74%, while Institutions and Non-Institutions held 21.00% and 16.26% respectively.

Devyani International has incorporated Subsidiary Company namely ‘Devyani RK’ to 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.

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.


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