Devyani International shines on incorporating wholly owned subsidiary in Dubai
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Devyani International is currently trading at Rs. 181.50, up by 7.45 points or 4.28% from its previous closing of Rs. 174.05 on the BSE.
The scrip opened at Rs. 173.20 and has touched a high and low of Rs. 183.85 and Rs. 173.20 respectively. So far 144235 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 215.00 on 18-Aug-2022 and a 52 week low of Rs. 134.05 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 187.50 and Rs. 166.25 respectively. The current market cap of the company is Rs. 22041.63 crore.
The promoters holding in the company stood at 62.79%, while Institutions and Non-Institutions held 19.44% and 17.78% respectively.
Devyani International has incorporated a wholly owned subsidiary company i.e. ‘DEVYANI INTERNATIONAL DMCC’ in Dubai, United Arab Emirates, to hold the overseas investments and render business related management and technical services to the company and its subsidiaries.
Devyani International is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (QSR) in India on a non-exclusive basis.
