Disclosure under Regulation 30 of the SEBI Listing Regulations, 2015
Awaiting price reaction for this filing.
Devyani International is seeking in-principle approval from NSE to list up to 2.37 crore equity shares of Re. 1 each on a preferential basis. Following NSE's query, the company clarified that the floor price was set using a valuation report from Sundae Capital Advisors, a SEBI-registered valuer. It also disclosed the Ultimate Beneficial Owners of the proposed allottees — IvyCap Ventures Trust Fund II, IvyCap Ventures Trust Fund III, and Artha Continuum Fund — all classified as non-promoter investors. The company committed to complying with SEBI ICDR lock-in norms if any price differential arises from re-computation.
This is a procedural disclosure clarifying terms of a preferential share issuance to private equity investors; it does not signal any change in business outlook but may lead to equity dilution once the shares are allotted and listed.