The latest announcement is out from Devyani International Ltd. ( (IN:DEVYANI) ).
Devyani International Ltd. has acquired a controlling stake in Sky Gate Hospitality Private Limited, which includes the brands Biryani By Kilo, Goila Butter Chicken, and The Bhojan. This acquisition is part of DIL’s strategy to diversify its offerings and strengthen its position as one of the fastest-growing QSR chains in India. The move is expected to enhance DIL’s presence in the Indian cuisine segment and elevate the overall dining and delivery experience for its customers.
More about Devyani International Ltd.
Devyani International Ltd. (DIL) is a significant player in India’s Quick Service Restaurant (QSR) sector. The company focuses on expanding its presence in the Indian cuisine segment by integrating well-established brands into its portfolio. DIL’s brand portfolio now includes 10 diverse food and beverage brands, including recent additions like Tealive, Sanook Kitchen, and New York Fries.
YTD Price Performance: -4.23%
Average Trading Volume: 139,454
Current Market Cap: 211.8B INR
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