Temasek sells Devyani Intl shares worth Rs.482.12 Cr, registers 4.76x return
Temasek has sold shares of publicly listed QSR restaurants operator Devyani International worth INR 482.12 crore. Post the sale, Temasek would hold 71,670,484 equity shares (5.95% stake) in the company.
From the Venture Intelligence PE-VC Deal Database: In Oct 2014, Temasek had invested INR 500 crore in Devyani International. The company went public in Aug 2021 at INR 90 per share and the investor made one part exit as part of the IPO.
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