Key Quantitative Figures

  • Total investment in Restaurants Development Co., Ltd. (RD): ~THB 1,210 Million (~₹3,473 Million)
  • Convertible loan amount to Devyani International DMCC (DID): ~THB 400 Million (~₹1,148 Million / AED 46 Million)
  • Short-term loan availed by DID from Axis Bank Limited, Dubai: ~USD 25.50 Million
  • Corporate guarantee provided by Company for DID's facility: ~THB 810 Million (~₹2,325 Million / ~USD 26 Million)
  • Net investment by Group in RD: ~THB 400 Million (~₹1,148 Million)

Dates of Action

  • Previous intimation date: March 20, 2026
  • DID Board resolution date: June 30, 2026
  • DID email intimation received: June 30, 2026
  • Indicative completion timeframe: June 30, 2026 (met)
  • Disclosure date: July 1, 2026

Parties Involved

  • Devyani International Limited (Disclosing entity)
  • Restaurants Development Co., Ltd. (RD) - Thai subsidiary operating KFC stores
  • Devyani International DMCC (DID) - Dubai subsidiary
  • Yellow Palm Co., Ltd. (Yellow) - Thailand subsidiary
  • Axis Bank Limited, Dubai (Lender)
  • Dubai Multi Commodities Centre Authority (DMCC Authority) - Regulatory approval required

Shareholding Changes

  • Pre-conversion shareholding in DID: ~51%
  • Post-conversion shareholding in DID: ~56.7% (subject to DMCC Authority approval)
  • RD shareholding structure: DID (49%) and Yellow (51%) post-investment

Transaction Details

1. Investment Completion: DID and Yellow have completed additional investments in RD, maintaining their respective 49% and 51% shareholding post-investment.

2. Loan Conversion: The Company's ~THB 400 Million convertible loan to DID is being converted to equity. DID's Board approved share allotment to the Company on June 30, 2026, subject to DMCC Authority approval.

3. Corporate Guarantee Resolution: DID fully repaid the ~USD 25.50 million short-term loan to Axis Bank Limited, Dubai, resulting in the release of the corporate guarantee provided by the Company.

Financial Impact

The net investment by the Group in RD amounts to ~THB 400 Million (~₹1,148 Million). The corporate guarantee exposure has been fully eliminated due to loan repayment.