Private Equity Other Private Equity/Strategic Investments
Devyani International to invest Rs.347-Cr in Thailand's KFC operator
Source Restaurants Development (opens in a new tab)Business Standard (opens in a new tab)
Devyani International will invest INR 347 crore in Thailand’s Restaurants Development Co., Ltd., which operates 274 KFC restaurants in the country.The investment, intended to strengthen its balance sheet, will be made through its subsidiary Devyani International DMCC (DID) and group entity Yellow Palm Co. Ltd. Part of this investment - INR 232 crore - will be used to pay the debt the Thai operator owes DID, while the remaining INR 114.8 crore will be used to fund its working capital and capex requirements.