Devyani International completes acquisition of Sky Gate Hospitality
after close1 source ↓written by the desknot a recommendation
- for ₹57.5 cr
- 100%
Devyani International has finalized its full acquisition of Sky Gate Hospitality, increasing its ownership to 100% for ₹57.5 cr. This includes ₹27.5 cr in cash and ₹30 cr via preference shares. The acquisition enhances Devyani's portfolio, which features brands like KFC and Pizza Hut, and positions it strongly in India's food services market. 📈
Not investment advice. For informational purposes only.