Devyani International's Strategic Acquisition

In a significant move to diversify its portfolio, Devyani International, the operator behind global franchises like KFC, Pizza Hut, and Costa Coffee, announced its plan to acquire an 80.7% stake in Sky Gate Hospitality. This acquisition, valued at Rs 419.6 crore, marks a bold step into the burgeoning Indian food industry.

What This Means for the Indian Food Scene

Sky Gate Hospitality is renowned for its popular brands including Biryani By Kilo, Goila Butter Chicken, and The Bhojan. This acquisition not only strengthens Devyani International's presence in the Indian market but also highlights the growing appeal of regional cuisines in the global food industry.

Looking Ahead

This strategic investment by Devyani International is expected to bring about a new era of growth and innovation in the Indian food sector, blending international standards with local flavors.