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.
Devyani International To Divest Equity In Get-A-Way Parent
Devyani International Limited has announced that its step-down subsidiary, Sky Gate Hospitality Private Limited, has executed a Share Purchase Agreement with Heritage Foods Limited for the sale of its entire 51% equity stake in Peanutbutter and Jelly Private Limited.
The agreement, signed on December 30, 2025, marks a strategic divestment aligned with Sky Gate’s restructuring commitments as announced earlier this year. Peanutbutter, which operates the health-food dessert brand ‘Get-A-Way’, will no longer remain part of Devyani’s subsidiary network post completion of this transaction.
Key Highlights:
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Date of agreement: December 30, 2025
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Expected completion: On or before January 31, 2026
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Sale consideration: Rs 9 crore payable upon share transfer completion
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Buyer: Heritage Foods Limited, one of India’s leading dairy companies with a presence across 17 states
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Post-sale effect: Peanutbutter and Jelly Pvt Ltd to cease as a subsidiary of Sky Gate and step-down subsidiary of Devyani International
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Revenue impact: Not applicable for FY 2024-25 as the entity became a subsidiary only from June 10, 2025
This transaction reflects Devyani International’s continued focus on optimizing its portfolio and unlocking value while streamlining operations across its hospitality verticals.
Source: Company filing with BSE and NSE, December 30, 2025