Corporate News
Devyani International board approves acquisition of additional 11.4% stake in Sky Gate Hospitality As on : 04-Feb-26  12:30

The board of Devyani International at its meeting held on 04 February 2026 has approved the acquisition of 11.4% additional equity stake in Sky Gate Hospitality (Sky Gate) from the Promoters/ Founders of Sky Gate for a total consideration of Rs 57.5 crore through a mix of cash and issuance of Non-Convertible Redeemable Preference Shares. Upon completion of acquisition, Sky Gate will become a wholly-owned subsidiary of the Company.

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