Devyani International Limited has informed the stock exchanges about the completion of its acquisition in Restaurants Development Co. Ltd. (RD), a Thailand-based subsidiary operating KFC stores. The company had initially disclosed this transaction on March 20, 2026, with an indicative completion date of June 30, 2026.
As part of the transaction, Devyani International DMCC (DID) and Yellow Palm Co. Ltd. (Yellow), subsidiaries in Dubai and Thailand respectively, have completed additional investments in RD. Post the investment, DID holds 49% and Yellow holds 51% shareholding in RD.
Devyani had extended a convertible loan of THB 400 Mn (equivalent to Rs 114.8 crore / AED 46 Mn) to DID. On June 30, 2026, the Board of Directors of DID approved allotment of shares to Devyani International Limited pursuant to conversion of this loan, subject to approval from the Dubai Multi Commodities Centre Authority. Following this conversion, Devyani's shareholding in DID will increase from approximately 51% to 56.7%.
DID had availed a short-term loan of USD 25.50 million from Axis Bank Limited, Dubai, under a corporate guarantee of up to Rs 232.5 crore provided by Devyani International Limited. The loan has been fully repaid and the corporate guarantee has been released.
The group has made a net investment of THB 400 Mn (approximately Rs 114.8 crore) in RD through the completed transactions. The earlier intimation on March 20, 2026, had outlined the investment of approximately THB 1,210 Mn (approximately Rs 347.3 crore) in RD.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.