Acquisitions20 Mar 2026, 04:41 pm
Devyani International Ltd. to Invest INR 1,148 Mn in Restaurants Development Co., Ltd., Thailand
AI Summary
Devyani International Ltd. has announced an investment of INR 1,148 Mn in Restaurants Development Co., Ltd. (RD), a chain of 274 KFC restaurants in Thailand. The investment will be made through Devyani International DMCC (DID), a subsidiary company, and Yellow Palm Co., Ltd. (Yellow), a holding company. The investment will partially retire DID debt and fund RD's working capital and capex requirements. DID will raise a convertible loan from the Company and a short-term loan from Axis Bank Limited, Dubai, secured by a corporate guarantee of the Company.
Key Highlights
- Devyani International Ltd. to invest INR 1,148 Mn in Restaurants Development Co., Ltd., Thailand
- Investment to be made through Devyani International DMCC and Yellow Palm Co., Ltd.
- Investment to partially retire DID debt and fund RD's working capital and capex requirements
- DID to raise a convertible loan from the Company and a short-term loan from Axis Bank Limited, Dubai
- Short-term loan from Axis Bank Limited, Dubai to be secured by a corporate guarantee of the Company