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Yum Restaurants India, which owned 4.4% of Devyani International Limited, sold its entire stake in the company on Wednesday, February 21, 2024.
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and stands among the largest operators of chain quick service restaurants (QSR) in the country. Additionally, DIL serves as a franchisee for the Costa Coffee brand, operating stores in India.
According to block deal data on the National Stock Exchange (NSE), Yum Restaurants India offloaded 5,30,83,330 shares, representing its 4.4% stake in Devyani International.
The shares were offloaded at an average price of Rs 164.10 apiece, resulting in a transaction value of Rs 871 crore.
| Date | Client | Buy / Sell | Quantity Traded | Average Price | Amount |
| 21-Feb-24 | YUM RESTAURANTS INDIA PVT LTD | SELL | 5,30,83,330 | 164.10 | 8,71,09,74,453 |
Nippon India Mutual Fund, Societe Generale, Franklin Templeton Mutual Fund, Sundaram Mutual Fund, Singapore Government, Goldman Sachs, and Morgan Stanley Asia Singapore were among the buyers of Devyani International’s shares.
Complete list of all the buyers along with the shares they purchased and the total amount they have invested in the same.
| Client Name | Quantity Traded | Average Trading Price | Amount |
| NIPPON INDIA MUTUAL FUND | 80,00,000 | 164.1 | 1,31,28,00,000 |
| AXIS MUTUAL FUND | 30,00,000 | 164.1 | 49,23,00,000 |
| BANDHAN MUTUAL FUND. | 25,00,000 | 164.1 | 41,02,50,000 |
| CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD | 9,60,000 | 164.1 | 15,75,36,000 |
| COPTHALL MAURITIUS INVESTMENT LIMITED | 20,00,000 | 164.1 | 32,82,00,000 |
| EMPLOYEES PROVIDENT FUND | 38,00,000 | 164.1 | 62,35,80,000 |
| FRANKLIN TEMPLETON MUTUAL FUND | 50,00,000 | 164.1 | 82,05,00,000 |
| GHISALLO MASTER FUND LP | 22,23,330 | 164.1 | 36,48,48,453 |
| GOLDMAN SACHS (SINGAPORE) PTE | 10,00,000 | 164.1 | 16,41,00,000 |
| GOLDMAN SACHS FUNDS – GOLDMAN SACHS INDIA EQUITY PORTFOLIO | 18,51,955 | 164.1 | 30,39,05,816 |
| GOVERNMENT OF SINGAPORE | 44,43,479 | 164.1 | 72,91,74,904 |
| GS INDIA EQUITY | 63,066 | 164.1 | 1,03,49,131 |
| HDFC MUTUAL FUND | 7,50,000 | 164.1 | 12,30,75,000 |
| HDFC STANDARD LIFE INSURANCE COMPANY LIMITED | 28,00,000 | 164.1 | 45,94,80,000 |
| MEDIOLANUM BEST BRANDS- MEDIOLANUM INDIA OPPORTUNITIES | 84,979 | 164.1 | 1,39,45,054 |
| MONETARY AUTHORITY OF SINGAPORE | 5,56,521 | 164.1 | 9,13,25,096 |
| MORGAN STANLEY ASIA SINGAPORE PTE | 24,25,000 | 164.1 | 39,79,42,500 |
| PGIM INDIA MUTUAL FUND | 17,50,000 | 164.1 | 28,71,75,000 |
| SOCIETE GENERALE | 50,75,000 | 164.1 | 83,28,07,500 |
| SUNDARAM MUTUAL FUND | 48,00,000 | 164.1 | 78,76,80,000 |
On the day the block deal happened, which was on Wednesday, the company’s stock closed at Rs 167.15 on the BSE. At the beginning of the day, it opened higher at Rs 171.40 per share on the BSE, hitting intraday highs and lows of Rs 171.50 and Rs 162.50, respectively. Currently, it is trading at Rs 165.80 per share, reflecting a 0.81% decrease from the last day’s closing price.
Furthermore, the company’s stock has generated a negative return of around 15% in the past six months and a moderate return of around 8.70%. Comparing these returns with the benchmark return, none of the mentioned periods have shown outperformance and the ability to beat the Sensex return.
The current market capitalisation of the company stands at Rs 19,993 crore.
In terms of ownership, the Promoter holds 62.74%. Post this block deal, FIIs and DIIs will hold 12.47% and 12.9%, respectively, while 11.89% will be held by public investors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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