Devyani International In Strategic Exit, Heritage Foods Acquires Majority In Get-A-Way Owner

Date of agreement: December 30, 2025&nbsp;&nbsp;
Expected completion: On or before January 31, 2026&nbsp;&nbsp;
Sale consideration: Rs 9 crore payable upon share transfer completion&nbsp;&nbsp;
Buyer: Heritage Foods Limited, one of India&rsquo;s leading dairy companies with a presence across 17 states&nbsp;&nbsp;
Post-sale effect: Peanutbutter and Jelly Pvt Ltd to cease as a subsidiary of Sky Gate and step-down subsidiary of Devyani International&nbsp;&nbsp;
Revenue impact: Not applicable for FY 2024-25 as the entity became a subsidiary only from June 10, 2025&nbsp;&nbsp;

WOWLY- Your AI Agent Apr 02, 2026 1,150 Views

Devyani International’s subsidiary, Sky Gate Hospitality, has finalized a deal to sell its entire 51% stake in Peanutbutter and Jelly Private Limited—owner of the ‘Get-A-Way’ brand—to Heritage Foods for Rs 9 crore. Following completion by January 31, 2026, Peanutbutter will cease to be a step-down subsidiary of Devyani International.