Devyani International To Acquire Majority Stake In Sky Gate Hospitality For Rs 419.6 Crore

Devyani International To Acquire Majority Stake In Sky Gate Hospitality For Rs 419.6 Crore

Devyani International Ltd., a quick service restaurant chain operator, announced its decision to acquire up to 80.72% equity stake in Sky Gate Hospitality Pvt Ltd. and its subsidiaries for Rs 419.6 crore. Sky Gate Hospitality manages brands like Biryani by Kilo, Goila Butter Chicken, and The Bhojan. Additionally, Devyani International will also pay contingent consideration as part of the transaction terms.Devyani International operates well-know…

QSR operator Devyani plans to acquire Biryani by Kilo

Devyani International has announced its intention to acquire Biryani by Kilo (BBK), an Indian foodservice brand.The post QSR operator Devyani plans to acquire Biryani by Kilo appeared first on Verdict Food Service.

Devyani wants a seat at the biryani banquet

In today’s Finshots, we tell you why Devyani International, the largest franchisee of KFC and Pizza Hut in India, wants to scoop up Sky Gate Hospitality, the company that runs Biryani By Kilo.But before we begin, if you love keeping up with the buzz in business and finance, make sure to subscribe and join the Finshots club, loved by over 5 lakh readers.Already a subscriber or reading this on the app? You’re all set. Go ahead and enjoy the story!…

Devyani International To Pick Up Majority Stake In Biryani By Kilo

Devyani International, which runs QSR chains such as KFC via franchise agreements, is set to pick up controlling stakes in cloud kitchen startup Biryani By Kilo. However, the financial details of the deal have not been disclosed. Devyani said in an exchange filing that its board will meet on April 24 to consider and approve the definitive agreement and issuance of equity shares payable for the acquisition. The filing further said that the issuan…

Devyani International to acquire majority stake in Biryani By Kilo

New Delhi: Devyani International, which operates brands like KFC, Pizza Hut, and Costa Coffee, is likely to acquire a majority stake in Biryani By Kilo, as per reports. The company had notified in a board meeting on April 20 about its plans to acquire a majority stake in Sky Gate Hospitality, which runs Biryani By Kilo. In a stock exchange filing, Devyani International announced that it will review and approve the final agreements and the issuan…