Devyani International Sells Stake in Peanutbutter for ₹9 Crore
Devyani International Limited announced on December 30, 2025, that its subsidiary, Sky Gate Hospitality Private Limited, has executed a Share Purchase Agreement with Heritage Foods Limited. This agree...
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Why is Devyani International Limited in the news today?
Devyani International Limited (DEVYANI) is in the news due to the company is divesting a stake in a subsidiary, which is a routine corporate action. while it involves a cash inflow, it does not appear to significantly alter the company's core business or financial outlook based on the provided information.
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Devyani International Sells Stake in Peanutbutter for ₹9 Crore
December 30, 2025, 02:21 PM
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More Details on This News
Devyani International Limited announced on December 30, 2025, that its subsidiary, Sky Gate Hospitality Private Limited, has executed a Share Purchase Agreement with Heritage Foods Limited. This agreement entails the sale of Sky Gate's entire 51% equity stake in Peanutbutter and Jelly Private Limited ('Peanutbutter') to Heritage Foods Limited.
Peanutbutter, which owns the brand Get-A-Way, will cease to be a step-down subsidiary of Devyani International upon the completion of this sale. The transaction is expected to be completed on or before January 31, 2026. Upon consummation of the share transfer, Devyani International will receive ₹9 crore.
Heritage Foods Limited is a prominent Indian dairy company. The buyer is not associated with Devyani International's promoter group or group companies, and the transaction is not considered a related party transaction. This sale follows Devyani International's earlier intimation on April 24, 2025, regarding the acquisition of approximately 80.72% equity stake in Sky Gate Hospitality Private Limited and its subsidiaries, including Peanutbutter.
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