Pizza Hut

Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr

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.

Devyani International tanks 7% after over 2% equity traded via block deals

At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.

Pizza Hut adds rice bases to menu as wheat costs soar in Japan

The new range will initially be available for about six weeks, but could become a regular menu item if demand is strong

Amid margin worries, Jubilant stock to face downside pressure in near term

Aggressive expansion, raw material inflation, and competitive pressures to hit Quick Service Restaurant (QSR) player Jubilant FoodWorks stocks and profitability, say analysts

Analysts take a bite of premium QSR stocks as restaurants hike prices

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

Devyani surges 29% in 3-days, stock up 111% from issue price in 4 months

On Wednesday, December 8, 2021, the brokerage firm Motilal Oswal Financial Services initiated coverage on Devyani with a Buy rating and target price of Rs 190.

Paytm vs Sapphire Foods: Which IPO is better for listing gains?

The parent firm of Paytm has launched India's biggest IPO. And the owner of Pizza Hut and KFC is opening its IPO today. Both these companies are loss-making. So, what should investors do?

TMS, Ep 38: Diwali for theatres, satellite broadband, Paytm-Sapphire IPOs

Does Diwali glitter mean turnaround for the Indian film industry? Will satellite broadband bridge India's digital divide? What is digital gold, and should you invest in it? Get all the answers here

Sapphire Foods raises Rs 933 crore from anchor investors ahead of IPO

Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, on Monday said it has raised Rs 933 crore from anchor investors ahead of its IPO rollout on Tuesday. The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website. Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, ICICI Prudential Life Insurance Company, Bajaj Allianz Life Insurance Company and Sundaram Mutual Fund (MF) are among the anchor investors. The initial public offering (IPO) will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Ameth

KFC operator Sapphire Foods sets IPO price band of Rs 1,120-1,180/share

The IPO will be entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.

KFC, Pizza Hut operator Sapphire Foods' IPO to open on Nov 9

The initial public offering (IPO) will conclude on November 11

Pizza Hut ties up with HUL to add Kwality Wall ice cream, desserts in menu

Quick service restaurant Pizza Hut on Wednesday said it has partnered with Hindustan Unilever to add the FMCG firm's Kwality Wall's ice cream and desserts to its dine-in as well as the delivery menu

Devyani Int'l makes strong debut, lists at 57% premium over issue price

The stock listed at Rs 141, a 57 per cent per cent premium over the issue price of Rs 90 per share on the BSE and the NSE

KFC, Pizza Hut operator Sapphire Foods files IPO papers with Sebi

On Monday, Sapphire Foods announced that it raised Rs 1,150 crore funds through a mix of primary and secondary rounds from private equity funds

KFC, Pizza Hut brand operator eyes Rs 10,823 cr valuation in IPO

Ravi Kant Jaipuria-promoted Devyani International prices its IPO between Rs 86-90

KFC, Pizza Hut report over two-fold jump in system sales during Apr-June

US-based quick service restaurant chain Yum Brands Inc on Thursday reported an over two-fold jump in system sales of KFC and Pizza Hut in the Indian market.

Burger King shares more than double in best listing day show in three years

Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers

Pizza Hut co-founder Frank Carney passes away from pneumonia at 82

Frank Carney, who with his brother started the Pizza Hut empire in Wichita, died from pneumonia. He was 82.

Burger King sets IPO price band at Rs 59-60, seeks to raise Rs 450 cr

Proceeds will be used to roll out new outlets, retire debt; Issuer to have market cap of Rs 2,290 cr at upper end of price band

Covid-19 impact: Pandemic heat spreads to large restaurant chains

Industry body says Covid could end up eating a third of total market, Zomato says 40% dine-ins will shut