Devyani International Limited
Axis Mutual Fund now holds a 1.01% stake in Devyani International Limited, up from under 1%, after being newly disclosed as holding 1,23,98,123 shares.
A leading quick-service restaurant operator in India, Devyani International runs the largest franchise network of Yum Brands brands including KFC and Pizza Hut across numerous locations throughout the country. The company also operates Costa Coffee outlets, positioning itself as a major player in both the QSR and coffee segments. Its diversified brand portfolio and extensive restaurant network across multiple formats distinguish it in India's organized food service sector.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.