Kotak Mutual Fund increased its stake in Devyani International Limited from 1.39% to 1.53%, acquiring an additional 1,752,169 shares. Based on the share price of ₹149.12, the transaction was valued at approximately ₹26.12 crore.
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.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.