Devyani International Raises Stake in Sky Gate to 86.13% with ₹103.25 Crore Investment

Devyani International Limited has completed the acquisition of an additional equity stake in Sky Gate Hospitality Private Limited, investing approximately ₹103.25 crore. This acquisition increases Devyani International's equity stake in Sky Gate to 86.13% on a fully diluted basis. The company had previously announced the execution of share purchase agreements with Sky Gate and its Promoters/Founders on June 23, 2025.

Acquisition Details

The acquisition was executed through a Share Purchase Agreement and Shareholders Agreement with Sky Gate Hospitality Private Limited and its Promoters/Founders. This move is aimed at increasing Devyani International's footprint in the hospitality sector through strategic investments.

Strategic Implications

The increased stake in Sky Gate is expected to enhance Devyani International's portfolio and market presence. Sky Gate's operations and assets will now be more closely integrated with Devyani International, potentially leading to synergies and improved operational efficiencies.

Shareholder Impact

The acquisition is expected to be accretive to Devyani International’s earnings over time. The company's increased stake provides greater control and a larger share of Sky Gate's profits.

Regulatory Compliance

The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory standards. The company has already submitted the detailed disclosure as required under the SEBI circular dated July 13, 2023, in its earlier intimation dated June 23, 2025.

Company Information

Devyani International Limited is a major player in the Quick Service Restaurant (QSR) sector, operating various well-known brands such as KFC, Pizza Hut, Costa Coffee, and others. The company continues to expand its presence through strategic acquisitions and organic growth.