Devyani International - Foray In The Thailand Market: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Devyani International DMCC, Dubai, a subsidiary of Devyani International Ltd. has entered in a share purchase agreement to acquire controlling stake in Restaurants Development Co. Ltd. (existing KFC franchise partner) and its holding companies in Thailand. RD operates 274 KFC restaurants across Thailand as on September, 30, 2023. In CY22, Devyani International posted revenue of Rs 11.7 billion while the company’s pre- IND AS brand contribution margin stands at ~14-15%. To fund the acquisition Devyani International DMCC has entered into an investment agreement with Devyani International and Camas Investments Pte. Ltd, an affiliate of Temasek Holdings, who have committed to invest Rs 3.4 billion and Rs 3.3 billion respectively. Post-acquisition, Devyani International and Camas Investments Pte. Ltd would hold equity in the ratio of 51:49 in the subsidiary. In addition, a funding of Rs 119 million/ Rs 3.8 billion would be made through a local Thai partner and local bank debts..Click on the attachment to read the full report:.Happy Forgings IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Devyani International - Foray In The Thailand Market: Dolat Capital

Restaurand Development’s acquisition would help Devyani International to augment business revenue growth, however, managing profitability in the business would remain a key challenge for the company.

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Devyani International - Foray In The Thailand Market: Dolat Capital

Restaurand Development’s acquisition would help Devyani International to augment business revenue growth, however, managing profitability in the business would remain a key challenge for the company.

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