Devyani International acquires 80.72% stake in Biryani By Kilo’s parent Sky Gate for Rs 419.6 crore.
Deal expands DIL’s presence in Indian cuisine via brands like Goila Butter Chicken and The Bhojan.
Sky Gate’s FY25 turnover hits Rs 277 crore, with operations in 40 cities.
Acquisition part-cash, part-share issue; Devyani shares up 2% post-announcement.
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