Dunearn Investments Pares 2% Stake In Devyani International For Rs 482 Cr

Business Standard

Topics

KFC | Pizza Hut

Press Trust of India  |  New Delhi 

Pizza Hut

Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction.

Devyani International is an omnichannel restaurant and the largest franchisee of Yum Brands in India.

According to bulk deal data available with BSE, Dunearn Investments (Mauritius) Pte Ltd offloaded 2,63,29,516 shares, amounting to a 2.18 per cent stake in the company.

The shares were sold at an average price of Rs 183.11 apiece, taking the transaction value to Rs 482 crore.

However, the buyer(s) of the shares could not be ascertained.

Dunearn Investments, a public shareholder in Devyani International held an 8.13 per cent stake in the quick service restaurant operator at the end of the June quarter, shareholding data with the exchange showed.

Shares of Devyani International closed 5.20 per cent down at Rs 185.85 on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 23 2022. 21:29 IST

';$('#story-newsss .item a').each(function(i){var atext=$(this).text();var aurl=$(this).attr('href');gethtml+='';});gethtml+='
';$("#story-news").html(gethtml);setTimeout(function(){$(".story-slider").slick({dots:false,infinite:true,prevArrow:".slick-prev",nextArrow:".slick-next",arrows:true,slidesToShow:2,slidesToScroll:2,})},500);}}});$.ajax({url:'/request-handler/get-latest-articles/catId/101/cache-control/1800',async:true,success:function(data){$("#next-prev").html(data);var owl=$("#next-prev");if(data!=''){var checkIdExists=$(".more-stories-pagination.disNone div").hasClass("latestArticleId-122082301216");if(checkIdExists){$(".latestArticleId-122082301216").remove();}else{$(".latestArticleLastId").remove();}$(".more-stories-pagination.disNone").show();}if(owl.owlCarousel){owl.owlCarousel({items:2,itemsDesktop:[980,2],itemsDesktopSmall:[900,2],itemsTablet:[360,2],itemsMobile:false});}$(".next").click(function(){owl.trigger('owl.next');});$(".prev").click(function(){owl.trigger('owl.prev');});$(".play").click(function(){owl.trigger('owl.play',1000);});$(".stop").click(function(){owl.trigger('owl.stop');});}});function unFollowColumnist(){var author_id='0';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";}else{isPaidUser="N";}}if(author_id!=''){if(confirm("Are you sure to unfollow this columnist!")==true){$.ajax({url:'/request-handler/article/unmap-user-columnist',type:'post',data:{'authorId':author_id,'isPaidUser':isPaidUser},success:function(msg){if(msg=='success'){location.reload();return false();}else{message='Please try again';alert(message);return false();}}});}}else{alert("Invalid columnist request!");return false();}}function followColumnist(){var author_id='0';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";var isLoggedIn="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";isLoggedIn="Y";}else if(userType!=null&&userType!='undefined'){isPaidUser="N";isLoggedIn="Y";}}if(isLoggedIn=="Y"){if(author_id!=''){$.ajax({url:'/request-handler/article/map-user-columnist',type:'post',data:{'authorId':author_id,'isPaidUser':isPaidUser},success:function(msg){if(msg=='success'){location.reload();return false();}else{customLogin();}}});}else{alert("Invalid columnist request!");return false();}}else if(isLoggedIn=="N"){customLogin();}}function unLockArticle(){var article_id='122082301216';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";}else{isPaidUser="N";}}if(article_id!=''){$.ajax({url:'/request-handler/article/unlock-article',type:'post',data:{'article_id':article_id,'isPaidUser':isPaidUser},success:function(msg){console.log(msg);if(msg=='success'){location.reload();return false();}else{$(".iframe").trigger('click');}}});}else{alert("Invalid columnist request!");return false();}}function customLogin(){var author_id='0';var articleId='122082301216';var parentUrl=window.location.href;if(parentUrl.indexOf("?")>-1){parentUrl=parentUrl.substr(0,parentUrl.indexOf("?"));}$("#sign_in").fancybox({maxWidth:600,maxHeight:580,fitToView:false,autoSize:false,closeClick:false,href:'/core/request-handler/sign-in-content?ref='+parentUrl+'&fc='+author_id+'&articleId='+articleId,openEffect:'none',closeEffect:'none'});$('.fancybox').fancybox();$("#sign_in").trigger('click');}function showhide(){var div=document.getElementById("follow");if(div.style.display!=="block"){div.style.display="block";}else{div.style.display="none";}}$(document).ready(function(){$('.articleCompanyStockInfo').hide();$('.bsNewArticleCompanyStockInfo').show();var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){$(".article-middle-banner").css("display","none");}else{$(".article-middle-banner").css("display","block");}}else{$(".article-middle-banner").css("display","block");}});

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy.