Devyani International to acquire additional 11.4 percent in Sky Gate for about Rs 57.5 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

DEVYANI · price

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Price reactionminutes from the announcement price · days from the prior close

+5.5%Reaction day

₹116.30

prior close

₹122.65

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+4.7% vs market

Restaurants peers, median of 10sector+0.1%+5.4% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Smallcap 250 and 5.4 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

-2.4

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.5+0.8+4.7+0.1+5.4

Next day

+14.2-0.3+14.5+1.6+12.7

+11.8-0.6+12.4+1.3+10.5

+13.5+1.9+11.6+3.4+10.1

+17.6+2.4+15.2+6.1+11.6

+16.7+2.6+14.1+5.7+11.0

+12.9+0.2+12.7+3.5+9.4

15d

+12.9+0.5+12.4+2.2+10.7

+2.1-4.5+6.5-1.7+3.7

-14.0-6.8-7.2-9.2-4.8

+4.7+5.8-1.1-2.6+7.3

UpDownMarket · Nifty Smallcap 250Sector · Restaurants peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Devyani International's board approved buying about 11.4 percent more equity in Sky Gate Hospitality from its promoters for approximately Rs 57.5 crore. Payment includes Rs 27.5 crore cash and Rs 30 crore via Non-Convertible Redeemable Preference Shares. Post-acquisition, Sky Gate becomes a wholly-owned subsidiary. Sky Gate reported about Rs 277 crore turnover in FY25. Board also approved share capital reclassification and a postal ballot notice.

Likely market impact

Minor acquisition that makes existing subsidiary fully owned. Limited near-term cash impact; boosts food and beverages presence over time.