Devyani International to invest INR 3.47 bln in Thailand-based co
This story was originally published at 21:24 IST on 20 March 2026
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NEW DELHI – Devyani International Ltd. will infuse about INR 3.47 billion in Thailand-based quick service restaurant business Restaurants Development Co. Ltd. The company will route the investment through its Dubai-based subsidiary Devyani International DMCC and group entity Yellow Palm Co. Ltd.
Of the total proposed infusion of about INR 3.47 billion, the Thai entity will use around INR 2.33 billion to repay the existing debt it owes Devyani International DMCC. It will deploy the remaining INR 1.15 billion towards working capital and capital expenditure.
To finance the investment, Devyani International DMCC will raise INR 1.15 billion through a convertible loan from the parent company and borrow INR 2.33 billion from Axis Bank's Dubai branch. The bank loan will be backed by a corporate guarantee from Devyani International and is expected to be repaid once the Thailand unit settles its existing dues.
The investment is expected to be completed by the end of June. On Friday, shares of Devyani International ended 1.3% lower at INR 104.17 on the National Stock Exchange. End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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