Devyani International Limited (DIL), a prominent player in the Indian food and beverage industry, has announced a significant expansion move through its subsidiary, Sky Gate Hospitality Private Limited. The company has successfully completed the acquisition of additional equity stakes in Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited, making them wholly-owned subsidiaries of Sky Gate.

Acquisition Details

According to a regulatory filing by Devyani International on July 11, 2025, Sky Gate Hospitality Private Limited has finalized the purchase of additional equity stakes in both Blackvelvet and Say Chefs. This move follows the earlier announcement on June 28, 2025, when the company had informed about the execution of Share Purchase Agreements with the respective entities and their selling shareholders.

Strategic Expansion

The acquisition of Blackvelvet and Say Chefs marks a strategic expansion for Devyani International, potentially broadening its portfolio in the hospitality and food service sectors. While specific details about the acquired companies and the financial terms of the deal were not disclosed, this move is likely aimed at strengthening DIL's market position and diversifying its offerings.

Corporate Governance

The company's prompt disclosure of the acquisition completion demonstrates its commitment to regulatory compliance and transparency. Pankaj Virmani, Company Secretary & Compliance Officer of Devyani International Limited, signed the official communication to the stock exchanges.

Market Implications

This acquisition could have significant implications for Devyani International's future growth and market strategy. Investors and market analysts will likely be keen to observe how these new additions to the Sky Gate portfolio will contribute to the parent company's overall performance and expansion plans in the competitive food and beverage industry.

As more details emerge about the operational integration and strategic direction of Blackvelvet and Say Chefs under the Devyani International umbrella, stakeholders will gain a clearer picture of the potential impact on the company's future prospects.

Devyani International , a prominent player in the quick-service restaurant (QSR) industry, has issued a clarification regarding recent market speculations. The company has firmly stated that there are no plans for a merger with Sapphire Foods, putting an end to rumors that had been circulating in the market.

No Merger on the Horizon

In an official statement, Devyani International addressed the speculation head-on, emphasizing that a merger with Sapphire Foods is not in the works. This clarification comes amidst a backdrop of industry consolidation talks and market rumors.

Focus on Growth Opportunities

While ruling out the merger, Devyani International has indicated that it is actively exploring growth opportunities. The company's management revealed that they are considering various avenues for expansion that do not necessitate major disclosure requirements under current regulations.

Strategic Silence on Specifics

Interestingly, the company has chosen to keep the details of these potential growth initiatives under wraps. No specific information about the nature or scope of these opportunities was provided in the news release, leaving room for market speculation about the company's future direction.

Implications for Stakeholders

This announcement is likely to be of significant interest to Devyani International's shareholders and industry observers. By clarifying its stance on the merger rumors and hinting at growth plans, the company has provided some guidance to the market about its strategic direction, albeit without divulging specifics.

The quick-service restaurant sector in India has been witnessing dynamic changes and intense competition. Devyani International's focus on growth opportunities, while maintaining discretion about its plans, suggests a strategic approach to navigating the evolving market landscape.

As the situation develops, stakeholders will be keenly watching for any further announcements or indications from Devyani International regarding its growth strategies and market positioning.