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Devyani International Strengthens Portfolio with Strategic Acquisition of Sky Gate Hospitality

Updated: April 24, 2025 12:42

Image Source: MakeMyTrip
Devyani International Ltd., a major food and beverage industry player, has made a major acquisition to bolster its market presence. The company has sanctioned the takeover of up to 80.72% equity interest in Sky Gate Hospitality in a strategic expansion of its portfolio.
These are the major highlights:
  • Acquisition Details: Devyani International will be purchasing an 80.72% stake in Sky Gate Hospitality for a total price of ₹4.2 billion, demonstrating its focus on growth and diversification.
  • Share Issuance: To finance the acquisition, the company will issue shares at ₹176.78 apiece, reflecting a soundly planned financial strategy.
  • Strategic Importance: The acquisition fits into Devyani International's vision to strengthen its position in the hospitality segment and capitalize on synergies with Sky Gate Hospitality.
  • Market Impact: The step is likely to enhance Devyani International's market position and create long-term value for its stakeholders.
The move highlights Devyani International's strategic intent to grow and its commitment to returning value to shareholders.
 
Sources: Reuters, Moneycontrol

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