Devyani International files for IPO, plans to raise Rs 1,400 crore
Devyani International is the largest franchisee of Pizza Hut, KFC and Costa Coffee
BusinessToday.In | May 17, 2021 | Updated 14:55 IST
Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd and Motilal Oswal Investment Advisors have been appointed investment bankers to the issue. Link Intime India is registrar to the issue.
Devyani International has filed a draft red herring prospectus (DRHP) with market regulator SEBI to launch a Rs 1,400-crore initial public offer (IPO). The firm is the largest franchisee of Pizza Hut, KFC and Costa Coffee.
The share sale will comprise fresh issue of equity shares worth Rs 400 crore and an offer-of-sale (OFS) of up to 12.5 crore equity shares by Investor Selling Shareholder, Dunearn Investments (Mauritius) Pte. Ltd, a wholly owned subsidiary of Temasek Holdings and Promoter Selling Shareholders and RJ Corp Ltd.