NSEGeneral Updates1 Jul 2026 · 1 Jul 2026, 06:26 pm
General Updates
Devyani International Limited · DEVYANI
✦ AI Summary▲ PositiveM&A
Devyani International Limited has informed the Exchange about update on acquisition. The company has completed the additional investment in Restaurants Development Co., Ltd. and increased its shareholding in Devyani International DMCC from ~ 51% to ~ 56.7%. The company has also repaid a short-term loan from Axis Bank Limited, Dubai, and released the corporate guarantee.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Devyani International Limited has informed the Exchange about update on acquisition.
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DEVYANI_01072026182610_SE_Intimation_-_DID_loan_conversion_DSC.pdf
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July 1, 2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers,
Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001
Email: cmlist@nse.co.in Email: corp.relations@bseindia.com
Symbol: DEVYANI Security Code: 543330
Subject: Disclosure under the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘SEBI Listing Regulations’)
Dear Sir/ Madam,
The Company vide its earlier intimation dated March 20, 2026 under Regulation 30 of the SEBI
Listing Regulations had informed that the Company had in principally approved (a) the
investment of ~ THB 1,210 Mn (~INR 3,473 Mn) in Restaurants Development Co., Ltd. (“RD”)
subsidiary in Thailand (operating KFC stores), through Devyani International DMCC (“DID”), and
Yellow Palm Co., Ltd. (“Yellow”), subsidiaries in Dubai and Thailand, respectively; and
(b) Granting of a convertible loan of ~ THB 400 Mn (equivalent to ~ INR 1,148 Mn/ AED 46 Mn),
to DID. Post conversion of the said loan, the Company’s shareholding in DID would increase to
~ 56.8%. The indicative time period for completion of the acquisition was June 30, 2026; and
(c) Providing of corporate guarantee in favour of Axis Bank Limited, Dubai, to secure the
short-term credit facility(ies) to be availed by DID up to an amount of ~ THB 810 Mn (equivalent
to ~ INR 2,325 Mn/ ~ USD 26 Mn).
Now, in continuation to the above intimation, we would like to inform that (a) DID and Yellow
have completed the additional investment(s) in RD and are continuing to hold 49% & 51%
shareholding respectively, in RD post the said investment; (b) The Company had given a loan
convertible into equity of ~ THB 400 Mn (equivalent to ~ INR 1,148 Mn/ AED 46 Mn), to DID. In
furtherance to the same, the Company has received an email dated June 30, 2026 from DID
intimating that the Board of Directors of DID vide their resolution dated June 30, 2026 have
approved allotment of shares to the Company pursuant to conversion of the aforesaid loan,
subject to approval of Dubai Multi Commodities Centre Authority (‘DMCC Authority’). Hence, the
Company’s shareholding in DID shall increase from ~ 51% to ~ 56.7%; and (c) DID had availed a
short-term loan of ~ USD 25.50 million from Axis Bank Limited, Dubai, backed by a corporate
guarantee provided by the Company. Subsequently, DID has fully repaid the said loan to Axis Bank
Limited, Dubai, and the corporate guarantee extended by the Company has been duly released.
Hence, the Group has made net investment of ~THB 400 Mn (~INR 1,148 Mn) in RD.
The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations read with
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026 has already been submitted vide our earlier intimation dated March 20, 2026.
You are requested to take the above on record.
Yours faithfully,
For Devyani International Limited
Pankaj Virmani
Chief Sustainability Officer & Company Secretary