Devyani International will be in focus on June 24 after announcing plans to acquire an additional stake in Sky Gate Hospitality, parent of Biryani By Kilo, for up to Rs 106.25 crore. The deal, via a mix of fresh equity and promoter stake purchase, will raise Devyani’s holding from 80.72% to 86.13% on a fully diluted basis.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets