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Devyani International Subsidiary Sale Completed; Peanutbutter No Longer Subsidiary
Devyani International Limited
January 8, 2026, 02:51 PM
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Devyani International Limited announced the completion of the sale of its subsidiary, Sky Gate Hospitality Private Limited's, entire 51% equity stake in Peanutbutter and Jelly Private Limited (Peanutbutter). This transaction was initiated via a Share Purchase Agreement with Heritage Foods Limited.
Consequently, Peanutbutter has ceased to be a subsidiary of Sky Gate, and therefore, a step-down subsidiary of Devyani International Limited, effective immediately. This announcement follows up on a previous intimation dated December 30, 2025, regarding the execution of the Share Purchase Agreement.
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