The Indian food industry has been booming in recent times due to an increase in the number of popular fast food chain restaurants such as Domino's, McDonald's, Pizza Hut, and others that are located in Indian Tier 1 and Tier 2 cities. Which operates on a franchise model, This industry is evolving drastically by adopting [...]
Singapore's Temasek Holdings, through its subsidiary Dunearn Investment Mauritius, has sold 2.85% equity (344,30,150 shares) in Devyani International Limited at an average price of Rs 145.04 through a Bulk Deal. As of the December quarter, Temasek has held 5.88% stake in the company. On the other hand, Franklin's India Flexi Cap Fund has picked up [...]
Devyani International, the largest operator of well-known quick-service restaurants (QSRs) like KFC and Pizza Hut, will begin its initial public offering (IPO) next week on Dalal Street. The business has filed its Red Herring Prospectus (RHP) with the capital markets regulator for its public offering, which will begin on Wednesday, August 4th, 2021, and run [...]
Devyani International, India's largest franchisee of PizzaHut, KFC, and Costa Coffee, has received approval from Sebi to fund Rs 1,400 crore through IPO. The capital markets regulator Sebi has permitted Devyani International to raise Rs 1,400 crore through an initial share sale. Devyani International is India's largest franchisee of Pizza Hut, KFC, and Costa Coffee. [...]
