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MARKETING

Devyani International proposing to open offer in IPO of equity shares on Aug 4
Saturday, 31 July, 2021, 15 : 00 PM [IST]
Our Bureau, Mumbai
Devyani International Limited, the largest franchisee of Yum Brands in India, and among the largest operators of chain quick service restaurants (QSRs) in India, on a non-exclusive basis,operates Pizza Hut, KFC, and Costa Coffee stores, as well as stores of other brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar,is proposing to open the Bid/Offer Period in relation to its initial public offering of Equity Shares on August 4, 2021. The Bid/Offer period will close on August 6, 2021. The Price Band for the offer has been fixed at Rs 86-Rs 90 per Equity Share.

The company and the selling shareholders, may in consultation with the lead managers, consider participation by anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date.
 
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