HDFC Life Insurance, which previously held 1.23 percent of Devyani International Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction of its stake to below the 1 percent reporting requirement.
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.
HDFC Life Insurance Company Limited, institutional investor in Indian equities