Devyani International Ltd., which uses franchise agreements to run fast food chains like KFC, Pizza Hut, and Costa Coffee, has revealed its goal to buy the domestic "Biryani by Kilo" chain.

The Jaipuria family-promoted Devyani International Ltd (DIL) will purchase a majority position in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands, according to a regulatory filing.

The corporation announced that its board will meet and approve the proposal on April 24; however, it has not revealed the number of shares or the acquisition price.

The company is said to hold a meeting of the Board of Directors of the Company is scheduled on April 24th, 2025 inter-alia, to consider and approve the definitive agreements and issuance of equity shares on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private Limited, operating restaurants under the brand 'Biryani by Kilo' and other brands.

Sky Gate Hospitality runs cloud kitchens and a few other smaller brands in addition to its biryani delivery service.

BBK, a delivery service for biryani and kebabs, was founded in 2015 and now operates more than 70 dine-in locations around India.

DIL is among the fastest-growing Quick Service Restaurant (QSR) chain operators in the country.

 

In India, it is the biggest franchisee for Yum Brands, the company that controls Pizza Hut and KFC. Additionally, it is the only franchisee for Coca-Cola's Costa Coffee brand in India.

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It also has Vaango, an in-house brand that specializes in vegetarian South Indian food.