Devyani International Limited
HSBC Mutual Fund increased its stake in Devyani International Limited from 1.31% to 1.42%, buying 1,336,664 shares. The total value of shares after the purchase is ₹26.1 Cr, at a price of ₹149.12 per share.
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.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.