Devyani has acquired 80.72% stake in Sky Gate Hospitality (SGH). Founded in 2015, SGH is the owner of popular brands including Biryani by Kilo, Goila Butter Chicken and The Bhojan Its two other brands – Get-A-Way and Krazy Kebab Co – will get disinvested over the next nine months. SGH operates 100 outlets in 40 … Read more
The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more
Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more
Subway, the restaurant chain with the most locations in the US, has sold $3.35 billion of asset-backed bonds to help fund its buyout by Roark Capital Group, in what is the largest securitization of its kind on record. The sandwich maker priced the largest portion of its whole business securitization — where a company pledges … Read more
Nestle has announced to launch it’s premium offering NESPRESSO in India by the end of 2024. The range will be available in both original and professional systems, to serve domestic and professional consumers. The first NESPRESSO boutique is intended to be opened in Delhi, before expanding to other key cities. It will also be sold … Read more
Promoters (funds) owned 41.69% of Sapphire Foods at at September 30, 2023. This was almost 10% lower than 51.26% they held post IPO in November 2021. Two promoter entities have now further sold 5.9%Â stake in the restaurant operator for Rs 530 crore through open market transactions. Earlier this month, another promoter entity had offloaded … Read more