Devyani International Deepens Stake in Sky Gate with ₹106 Crore Investment

Image Source : Startup Talky

Devyani International Ltd has announced a strategic move to raise its equity stake in Sky Gate Hospitality Pvt Ltd from 80.72% to 86.13%, reinforcing its commitment to India’s fastgrowing foodservice sector.

Key highlights:

The acquisition involves a cash investment of up to ₹106.25 crore through a mix of fresh equity subscription and promoter share purchase.
Completion is expected by July 31, 2025, in one or more tranches.

Strategic rationale:

Sky Gate owns popular brands including Biryani By Kilo, Goila Butter Chicken, The Bhojan, GetAWay, and Krazy Kebab Co.
The additional stake will support operational expansion, subsidiary investments, and general corporate needs.

Financial snapshot:

Sky Gate reported an unaudited consolidated turnover of ₹277 crore in FY25 (excluding two units).
The deal is structured as a related party transaction but executed at arm’s length, with no promoter group overlap.

Sources: CNBC TV18, Economic Times, Angel One, Storyboard18, EquityPandit