Acquisitions8 Jan 2026, 08:21 pm
Devyani International Completes Sale of 51% Stake in Peanutbutter
AI Summary
Devyani International Ltd has announced the completion of the sale of its entire 51% equity stake held in Peanutbutter and Jelly Private Limited. This announcement comes after the company's earlier intimation on December 30, 2025, where it was informed that Sky Gate Hospitality Private Limited, a subsidiary company, had executed a Share Purchase Agreement with Heritage Foods Limited for the sale of its entire 51% equity stake held in Peanutbutter. As a result, Peanutbutter has ceased to be a subsidiary of Sky Gate and a step-down subsidiary of Devyani International Ltd with immediate effect.
Key Highlights
- Devyani International Ltd has completed the sale of its 51% equity stake in Peanutbutter and Jelly Private Limited.
- The sale was initially announced on December 30, 2025, and has now been finalized.
- Peanutbutter was a subsidiary of Sky Gate Hospitality Private Limited and a step-down subsidiary of Devyani International Ltd.
- Following the sale, Peanutbutter has ceased to be a subsidiary of Sky Gate and a step-down subsidiary of Devyani International Ltd.