Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction.
Devyani International is an omnichannel restaurant and the largest franchisee of Yum Brands in India.
According to bulk deal data available with BSE, Dunearn Investments (Mauritius) Pte Ltd offloaded 2,63,29,516 shares, amounting to a 2.18 per cent stake in the company.
The shares were sold at an average price of Rs 183.11 apiece, taking the transaction value to Rs 482 crore.
However, the buyer(s) of the shares could not be ascertained.
Dunearn Investments, a public shareholder in Devyani International held an 8.13 per cent stake in the quick service restaurant operator at the end of the June quarter, shareholding data with the exchange showed.
Shares of Devyani International closed 5.20 per cent down at Rs 185.85 on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app