Devyani International (Photo: dil-rjcorp.com)
Devyani International introduced Friday that it’ll invest ₹347 crore in Thailand’s Restaurants Development Co, Ltd., which operates 274 KFC eating places in the nation.
The funding, meant to strengthen its stability sheet, will probably be made by means of its subsidiary Devyani International DMCC (DID) and group entity Yellow Palm Co. Ltd. Part of this funding—₹232 crore—will probably be used to pay the debt the Thai operator owes DID, whereas the remaining ₹114.8 crore will probably be utilised to fund its working capital and capex necessities.
“DID will raise ₹114.8 crore of convertible loan from the company and take a short-term loan of ₹232 crore from Axis Bank Limited, Dubai. This loan will be secured by a corporate guarantee of the Company and shall be repaid to Axis Bank Limited, Dubai upon repayment of the existing loan by RD to DID,” the corporate said in an trade submitting.
The transaction is predicted to full by June 30, 2026. After the funding, DID will maintain a 49 per cent stake in Restaurants Development, whereas Yellow Palm will maintain the remaining 51 per cent stake. Restaurants Development Co. Ltd. will function as a subsidiary of the 2 corporations and dad or mum Devyani.
First Published: Mar 20 2026 | 8:47 PM IST