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Devyani International Ltd. ( (IN:DEVYANI) ) has issued an announcement.
Devyani International Ltd. has approved a scheme to amalgamate its wholly owned subsidiaries Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery with the listed parent company, effective from April 1, 2025. The move, which does not require a stock exchange no-objection letter due to the subsidiaries being wholly owned, is subject to approvals from shareholders, creditors, the National Company Law Tribunal and other regulators.
The internal merger is expected to simplify the group structure and consolidate financials, bringing the operations and balance sheets of the three restaurant-focused units directly under Devyani International. By folding these entities into the core listed company, Devyani could gain operational efficiencies, streamline compliance and present a clearer business profile to investors and other stakeholders.
More about Devyani International Ltd.
Devyani International Ltd. is a leading quick service restaurant operator and the largest franchisee of Yum Brands in India, running over 2,000 outlets across more than 280 cities in India, Nigeria, Nepal and Thailand as of December 31, 2025. The company also holds exclusive franchise rights for Costa Coffee, Tea Live, New York Fries and Sanook Kitchen in India, and owns homegrown brands such as Biryani By Kilo, Goila Butter Chicken and Vaango.
Average Trading Volume: 322,722
Technical Sentiment Signal: Sell
Current Market Cap: 135.6B INR
Learn more about DEVYANI stock on TipRanks’ Stock Analysis page.