Devyani International Limited
Nippon India Mutual Fund increased its stake in Devyani International Limited from 6.35% to 7.06%, acquiring 8,742,834 shares. The value of this transaction was approximately ₹130.34 crore based on a share price of ₹149.12.
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.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.