Devyani International Limited has informed the Exchange about Updates on Acquisition.
DEVYANI · price
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Awaiting price reaction for this filing.
Devyani International has informed the exchange that Sky Gate Hospitality (its subsidiary) has signed a Share Purchase Agreement with Heritage Foods Limited to sell its entire 51% stake in Peanutbutter and Jelly Private Limited for Rs. 9 crore. Peanutbutter, which owns the 'Get-A-Way' brand, had become a step-down subsidiary of Devyani in June 2025 following the acquisition of ~80.72% in Sky Gate. The deal is expected to be completed on or before January 31, 2026. The buyer, Heritage Foods, is a major dairy company and is not related to Devyani's promoters. This is not a related party transaction.
This is a minor, value-trimming move – Devyani is hiving off a small step-down subsidiary (Get-A-Way brand) acquired just months ago, and the Rs. 9 crore consideration is immaterial to its overall scale. Likely negligible impact on stock price; it simply cleans up the structure of the Sky Gate acquisition.