Devyani to buy remaining 11.4% in Sky Gate, makes it wholly-owned unit

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

₹120.69

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

-0.7

10m

-0.2

15m

+0.5

30m

+3.2

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 board approved buying the remaining 11.4% in Sky Gate Hospitality from its founders for 57.5 crore via cash and Non-Convertible Redeemable Preference Shares. Sky Gate becomes wholly-owned subsidiary. Sky Gate runs F&B brands with FY25 turnover of 277 crore. Board also reclassified authorised share capital and approved NCRPS issuance via private placement. Postal ballot will seek shareholder approval.

Likely market impact

Small acquisition; consolidates F&B subsidiary. Minor dilution via NCRPS, not equity; overall neutral to mildly positive for shareholders.