Devyani to acquire full ownership of Sky Gate Hospitality for about Rs 57.5 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

DEVYANI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.5%Reaction day

₹116.30

prior close

₹120.07

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

-0.2

10m

+0.6

15m

+0.9

30m

+3.8

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 acquiring an additional 11.4% stake in Sky Gate Hospitality for about Rs 57.5 crore, making it a wholly-owned subsidiary. Payment is Rs 27.5 crore in cash plus Rs 30 crore via preference shares. Sky Gate, a food and beverages company, posted about Rs 277 crore turnover in FY25. The deal, a related party transaction at arm's length, is expected to close by March 31, 2026. Shareholder approval via postal ballot is sought.

Likely market impact

Small acquisition (about Rs 57.5 cr) for full control of Sky Gate; mixed payment limits immediate cash strain. Shareholder approval sought via postal ballot.