Devyani International Limited has informed the Exchange regarding 'Update on acquisition of additional stake by Sky Gate Hospitality Private Limited in its subsidiaries'.
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On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and 0.5 pts less than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Devyani International's subsidiary, Sky Gate Hospitality Private Limited, has completed the acquisition of additional equity stakes in two companies — Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited. Following this, both Blackvelvet and Say Chefs have become wholly-owned subsidiaries of Sky Gate. The acquisition was originally announced on June 28, 2025, and the deal has now been concluded. No financial details of the transaction have been disclosed in this filing.
The acquisition strengthens Sky Gate's control over its restaurant brands, potentially streamlining operations and decision-making. Since this is a subsidiary-level consolidation, the direct impact on Devyani International's standalone financials is limited, but it could enhance long-term earnings visibility through simplified ownership.