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 informed exchanges that its subsidiary Sky Gate Hospitality has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly Private Limited to Heritage Foods Limited. Following the completion, Peanutbutter has ceased to be a subsidiary of Sky Gate and a step-down subsidiary of Devyani with immediate effect. The transaction was originally agreed on December 30, 2025, via a Share Purchase Agreement. Devyani is the seller in this deal, with Heritage Foods being the acquirer of the brand.
This is a minor portfolio pruning move for Devyani, a large QSR operator, as Peanutbutter & Jelly is a small non-core brand. The financial impact on Devyani's consolidated earnings is likely immaterial, and shareholders are unlikely to see any meaningful change in stock price from this disclosure.