With this acquisition, the Dil brand portfolio now covers 10 strong and diverse food brands and drinks, including Tealive, Sanook Kitchen and New York Fries
In a strategic movement, Devyani International Ltd. (Dil), the leading KFC and Pizza Hut Stores franchise in India, has decided to acquire a controlling participation in Sky Gate Hospitality Private Limited along with its three brands that include ‘Biryani per kilo’, ‘Goila’. Dil said this will strengthen its presence in the Indian cuisine segment with an approach to the “House of Brand” strategy.
According to its regulatory presentation, Dil is acquiring up to 80.72 percent capital participation, in a fully diluted base, in Sky Gate and their subsidiaries of existing promoters and investors and this transaction will be completed within a period of 15 days from the date of approval of the shareholders, in the form of a special resolution for the preferential issue of the actions of the equity.
“The payable consideration for sellers is ₹ 419.6 million rupees for the acquisition of up to 80.72 percent of capital participation, in a fully diluted base, in Sky Gate. The company will download the consideration of the party through the issuance and allocation of 2,37,19,187 capital shares of the company that has a facial value of ° 1 176. ₹ 175.78), In a preferential and remaining base towards taxes/adjustments they will be paid holy.
Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate operates in 100 stores in more than 40 cities. This strategic movement aligns with Dil’s vision to diversify its offers and deepen its strategy with respect to the brands of brands.
With this acquisition, the Dil brand portfolio now covers 10 foods of strong and diverse foods and drinks, including Tealive, Sanook Kitchen and New York Fries.
Ravi Jaipuria, non -executive president, Dil, said: “We are really delighted to enrich our brand portfolio with the addition of the favorite food category of India: the Biryani. While our portfolio has a marihuoso and weeds, Weed Adray of National and Weed, Weed To Adray of National and We We Afartic fafers of the Borterfolio To Our Letter of those who leave those who, so much, to the prosecutors of the prosecutors of the large number of letters.
The founders will continue to operate the business with the representation of DIL on the board of the Puerta del Cielo. The transaction is expected to be completed in May.
In a Joint Statement, Kaushik Roy and Vishal Jindal, Foundal, Sky Gate, Said, “We Are Delled Thie, we are gate to eat to the community tootfolio, we eat to eat to the community tootle to toge to toge toe toe toe toe toe toe toe toe toe -toe toe toe toe toine late -toe toive to improve the offers of the customers and raise the general experience of meals
As of December 31, 2024, Dil operates more than 2,000 stores in all brands in more than 280 cities in India, Nigeria, Nepal and Thailand. Part of RJ CORP, is the largest franchisee for Yum Brands (KFC and Pizza Hut) in India. It is also the only franchisee or coast coffee in India.
More like this
Posted on April 24, 2025