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:
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		The acquisition involves a cash investment of up to ₹106.25 crore through a mix of fresh equity subscription and promoter share purchase.
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		Completion is expected by July 31, 2025, in one or more tranches.
	Strategic rationale:
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		Sky Gate owns popular brands including Biryani By Kilo, Goila Butter Chicken, The Bhojan, GetAWay, and Krazy Kebab Co.
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		The additional stake will support operational expansion, subsidiary investments, and general corporate needs.
	Financial snapshot:
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		Sky Gate reported an unaudited consolidated turnover of ₹277 crore in FY25 (excluding two units).
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		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