Devyani International to merge three subsidiaries with parent company

Devyani International (DIL), a Yum Brands franchisee successful India, is acceptable to merge its 3 subsidiaries with the genitor institution to streamline operations and amended efficiency.

In a regulatory submission, the institution said the subsidiaries, namely Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery, volition beryllium amalgamated with DIL nether a strategy scheduled to beryllium effectual from 1 April 2025.

DIL stated that since the companies are its nonstop oregon indirect wholly owned subsidiaries, the institution is not required to unafraid a 'No Objection Letter' connected the strategy from the banal exchanges.

Additionally, nary caller shares volition beryllium issued arsenic portion of the merger.

The institution further noted that the shareholding signifier volition stay unchanged aft the completion of the deal.

The 3 subsidiaries presently run much than 100 outlets, including dine-in locations and unreality kitchens, crossed much than 40 cities, including Delhi NCR, Mumbai, Kolkata and Bengaluru.

Outlining the nonsubjective of the exercise, DIL said the projected merger is intended to present operational synergies, amended assets and plus utilisation, and trim operational outgo and firm tiers.

DIL added that it expects the consolidation volition maximise “value instauration for stakeholders”.

The franchisee presently operates implicit 2,000 outlets crossed much than 280 cities successful India and successful overseas markets specified arsenic Nigeria, Nepal and Thailand.

It besides holds franchise rights successful India for Costa Coffee, New York Fries, Sanook Kitchen and Tea Live.

In January 2026, DIL signed a merger statement with Sapphire Foods to harvester the 2 Yum! Brands franchise operators successful India.

The merger is expected to instrumentality astir 12 to 15 months to go effective.

"Devyani International to merge 3 subsidiaries with genitor company" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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