Devyani International Limited has informed the Exchange about Scheme of Amalgamation of wholly owned subsidiaries with and into the Company
DEVYANI · price
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The Board of Devyani International Limited (DIL), the largest Yum Brands franchisee in India operating 2,000+ stores, has approved a Scheme of Amalgamation to merge three of its wholly-owned subsidiaries — Sky Gate Hospitality, Blackvelvet Hospitality, and Say Chefs Eatery — into itself. The appointed date is April 1, 2025. Since the three companies are wholly-owned by DIL, no new shares will be issued and no share exchange ratio applies, meaning existing shareholders face no dilution. Combined, the three subsidiaries had a turnover of about Rs. 297.5 crore in FY25 (Sky Gate Rs. 265.7 cr, Blackvelvet Rs. 31.6 cr, Say Chefs Rs. 0.2 cr) — small relative to DIL's standalone turnover of Rs. 3,349.3 crore. The scheme is now subject to NCLT and other statutory approvals.
This is a purely internal restructuring with no impact on shareholding, no cash outflow, and no new shares issued — shareholders are unaffected in the short term. It may marginally streamline operations and reduce compliance costs, but the financial impact is immaterial given the small size of the merging entities relative to DIL.