INSUBCONTINENT EXCLUSIVE:
Devyani International's IPO is all set to roll out on August 4, 2021Devyani International, one of the largest quick service restaurants
The issue has a minimum lot size of 165 shares with an application cut-off of Rs 14,850
The upper limit of the lot stands at 2,145 shares with Rs 193,050 as the application cut-off amount.Devyani International was incorporated
in 1991 and runs stores of several well known food and beverage brands like Pizza Hut, KFC and Taco Bell
It is an associate company of RJ Corp, the largest bottling partner of Pepsico.Under the offer-for-sale, Dunearn Investments (Mauritius) Pte
International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO, who have been key strategists of the
expansion efforts by the company.The book running lead managers for the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss
Financial Services and Motilal Oswal Investment Advisors.
