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Devyani International Ltd. ( (IN:DEVYANI) ) just unveiled an update.
Devyani International Ltd. has approved a scheme of amalgamation to merge three wholly owned subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery—into the listed parent company, effective from an appointed date of April 1, 2025. The move, cleared by the board following the audit and risk committee’s recommendation, aims to consolidate operations and will proceed without the need for a stock exchange no-objection letter, though it remains subject to approvals from shareholders, creditors, regulators and the National Company Law Tribunal, with potential to simplify group structure and improve operational efficiency.
The transferor entities, which collectively add meaningful turnover but relatively modest net worth compared with Devyani International, are engaged in hospitality and restaurant activities that complement the core QSR portfolio. By folding these subsidiaries into the parent, Devyani is expected to streamline its corporate framework, reduce related-party complexity and better align its expanding brand portfolio across markets, a change of interest to investors tracking the company’s scale-up and governance practices in the competitive food services industry.
More about Devyani International Ltd.
Devyani International Ltd. is the largest franchisee of Yum Brands in India and one of the country’s biggest quick service restaurant operators, running more than 2,000 stores across over 280 cities in India, Nigeria, Nepal and Thailand as of December 31, 2025. The company is the sole franchisee for Costa Coffee, Tea Live, New York Fries and Sanook Kitchen in India, and also owns home-grown brands such as Biryani By Kilo, Goila Butter Chicken and Vaango, anchoring its position in the fast-growing QSR segment.
Average Trading Volume: 322,722
Technical Sentiment Signal: Sell
Current Market Cap: 135.6B INR
For detailed information about DEVYANI stock, go to TipRanks’ Stock Analysis page.