Devyani International Ltd, which operates fast -service restaurants such as KFC, Pizza Hut and Costa Coffee through franchise agreements, plans to acquire ‘biryani’ of its own harvest per kilo ‘.
Devyani International Ltd (Dil) promoted by the Jaipuria family will acquire a majority participation in Sky Gate Hospitality, which operates restaurants under the ‘Biryani per kilo, along with other brands, according to a regulatory filling.
He thought that the number of shares or the acquisition price was not revealed, the company said its Board is scheduled to meet and address the proposal on April 24.
“We wish to inform you that a meeting of the Board of Directors is scheduled on Thursday, April 24, 2025 between Alia, to consider and approve the final agreements and the issuance of capital shares of the company in a preferential base to download the consideration payable for the acquisition of capital participation in Sky Gate Hospitality PVT LTT LTY Restaurants under the brands of the brand Byryani by kilo And others occur, and the other brand restaurants are given.
In addition to its Biryani delivery chain, Sky Gate Hospitality also operates cloud kitchens and some other narrower brands.
It started in 2015, the Biryani and Kebab BBK delivery chain has more than 70 dinner sales points with PAN-India
DIL is among the operators of the fastest growing fastest growing service chain (QSR) in the country. It is the largest franchisee of Yum Brands, which has KFC & Pizza Hut in India. It is also the only Coast Coffee franchisee in India, the brand owned by Coca-Cola.
In addition, it has its own internal brand, Vaango, which focuses on the vegetarian cuisine of southern India.
On December 31, 2024, Dil had 900 KFC stores and around 580 Pizza Hut stores in India, Nepal and Nigeria. Dil has more than 190 coast cafes and more than 70 Vaandgo stores throughout India.
Posted on April 22, 2025