14 May 2024

Devyani International gains on entering into strategic partnership with PVR INOX

Devyani International is currently trading at Rs. 156.00, up by 0.60 points or 0.39% from its previous closing of Rs. 155.40 on the BSE.

The scrip opened at Rs. 157.00 and has touched a high and low of Rs. 157.00 and Rs. 149.75 respectively. So far 435314 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 227.75 on 11-Sep-2023 and a 52 week low of Rs. 142.30 on 13-Mar-2024.

Last one week high and low of the scrip stood at Rs. 163.45 and Rs. 149.75 respectively. The current market cap of the company is Rs. 18863.35 crore.

The promoters holding in the company stood at 62.74%, while Institutions and Non-Institutions held 24.63% and 12.63% respectively.

Devyani International (DIL) and PVR INOX have extended their association and entered into strategic partnership to jointly establish a company in India for the purpose of development and operation of food courts within shopping malls in India.

This significant partnership not only deepens the trust in each other's expertise within their respective business domains but also reinforces the existing partnership. This partnership will empower Devyani International & PVR INOX to reach a wider audience and expand their market presence.

Devyani International is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (QSR) in India on a non-exclusive basis.