Devyani International Increases Stake in Thailand Subsidiary to 56.7%
Devyani International's shareholding in its Thailand subsidiary, RD, has increased. Following a THB 400 Mn convertible loan conversion, Devyani's stake in DID rose to 56.7%, pending DMCC Authority approval. DID has also fully repaid a USD 25.50 million loan, releasing Devyani's corporate guarantee.
The increase in shareholding and debt repayment are positive operational developments for the company, indicating growth and financial stability in its international operations.
The company has successfully increased its stake in a subsidiary and its subsidiary has repaid its debt, which is a positive development.
Devyani International Limited (DEVYANI) has completed the additional investment(s) in its Thailand subsidiary, Restaurants Development Co., Ltd. (RD), through its Dubai subsidiary, Devyani International DMCC (DID), and Yellow Palm Co., Ltd. DID and Yellow Palm now hold 49% and 51% shareholding, respectively, in RD.
Furthermore, DID has successfully converted a convertible loan of approximately THB 400 Mn (equivalent to ₹1,148 Mn) into equity. This conversion has increased Devyani International's shareholding in DID from approximately 51% to about 56.7%, subject to the approval of the Dubai Multi Commodities Centre Authority (DMCC Authority). The company has also confirmed that DID has fully repaid a short-term loan of approximately USD 25.50 million from Axis Bank Limited, Dubai, and the corporate guarantee provided by Devyani International for this facility has been released.
These developments follow an earlier intimation on March 20, 2026, regarding the principal approval for the investment in RD and the grant of the convertible loan to DID. The group has made a net investment of approximately THB 400 Mn (₹1,148 Mn) in RD.
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Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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