Devyani International Ltd announced on Friday, March 20, that it has approved an investment of approximately THB 1,210 million (~₹347.3 crore) in Restaurants Development Co. Ltd (RD), a Thailand-based operator of 274 KFC restaurants. According to reports from CNBC TV18, the investment was cleared by the company's Investment and Borrowing Committee on March 10, 2026, as part of efforts to strengthen the company's balance sheet and support long-term business needs.
As reported by CNBC TV18, out of the total investment amount, THB 810 million (~₹232.5 crore) will be used to repay existing debt owed by RD to Devyani International DMCC (DID), while the remaining funds will be deployed towards working capital and capital expenditure. The net investment by the group stands at around THB 400 million (~₹114.8 crore). To fund this investment, DID will raise a convertible loan of THB 400 million (~₹114.8 crore) from the parent company and secure a short-term loan of THB 810 million (~₹232.5 crore) from Axis Bank Limited, Dubai.
According to CNBC TV18, post-investment, Devyani International DMCC (DID) will hold a 49% stake in Restaurants Development Co. (RD), while Yellow Palm Co. Ltd. will hold the remaining 51% stake. The acquisition is expected to be completed by June 30, 2026, as indicated across all relevant entities involved in the transaction. The Yum Brands franchisee had earlier informed about agreements to acquire a controlling stake in RD and its holding companies in Thailand.
As reported by CNBC TV18, the Yum Brands franchisee had reported a wider net loss of ₹10.3 crore for the December quarter, compared to a loss of ₹0.5 crore in the same period last year. Despite the higher loss, the company had posted healthy growth in topline, with revenue growing 11.3% on a year-on-year basis to ₹1,441 crore, up from ₹1,294.4 crore in the corresponding quarter last year. Devyani International Ltd shares ended at ₹104.40 on the NSE, down ₹1.17 or 1.11% on March 20.
