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Pizza Hut operator Devyani International files for $191m IPO Photo by Brenna Huff on Unsplash May 16, 2021 Food and beverages major Devyani International Ltd (DIL), the largest franchisee of Pizza Hut, KFC, and Costa Coffee filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise nearly ₹1,400 crore through an initial public offering (IPO). According to DRHP, the offer comprises a fresh issue of ₹400 crore and an offer of sale of up to 125.33 million equity shares by Dunearn Investments (Mauritus) Pte. Ltd, a wholly owned subsidiary of Temasek Holdings and RJ Corp Ltd. The company is led by Ravi Kant Jaipuria, Promoter, RJ Corp and Virag Joshi, President & CEO, who been a key strategist to the expansion efforts by the company in addition to the management team comprising of Manish Dawar, Wholetime Director and Chief Financial Officer, Rajat Luthra, CEO – KFC and Amitabh Negi, CEO – Pizza Hut.

Virag joshiMauritus pteManish dawarRajat luthraRavi kant jaipuriaRj corpEdelweiss financial services ltdMotilal oswal investment advisors ltdTemasek holdingsKotak mahindra capital company ltdDevyani international ltdRj corp ltdIndia pvt ltdExchange board of india sebiPizza hutCosta coffee