24/4/2025, 1:19:03 pm

Devyani International to acquire up to 80.72% stake in 'Biryani by Kilo'

Devyani International Ltd. has approved the acquisition of up to 80.72 percent in homegrown chain 'Biryani by Kilo'. The decision was taken at its board meeting held on Thursday, 24th April. It will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands. After the transaction, Sky Gate will become a subsidiary of DIL.