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Devyani International DMCC, Dubai, a subsidiary of Devyani International Ltd. has entered in a share purchase agreement to acquire controlling stake in Restaurants Development Co. Ltd. (existing KFC franchise partner) and its holding companies in Thailand. RD operates 274 KFC restaurants across Thailand as on September, 30, 2023.
In CY22, Devyani International posted revenue of Rs 11.7 billion while the company’s pre- IND AS brand contribution margin stands at ~14-15%.
To fund the acquisition Devyani International DMCC has entered into an investment agreement with Devyani…
