Devyani International to invest ₹3,473 million in Thai subsidiary

Yash Agarwal — Fri, 20 Mar 2026 11:19:43 +0000

Devyani International is set to strengthen its presence in Thailand with a significant investment in its subsidiary, Restaurants Development Co., Ltd. (RD). The company, through its subsidiary Devyani International DMCC (DID) and Yellow Palm Co., Ltd., plans to inject approximately THB 1,210 million (₹3,473 million) into RD.

The investment is aimed at fortifying RD’s balance sheet and supporting its long-term business requirements. A portion of the funds, THB 810 million (₹2,325 million), will be allocated to retire existing debt owed by RD to DID. The remaining amount will be utilised for working capital and capital expenditure needs.

DID will secure a convertible loan amounting to THB 400 million (₹1,148 million) from Devyani International. Additionally, a short-term loan of THB 810 million (₹2,325 million) will be obtained from Axis Bank Limited, Dubai. This loan will be backed by a corporate guarantee from Devyani International and is expected to be repaid once RD settles its existing obligations.

The investment aligns with Devyani International’s strategy to bolster its quick-service restaurant business, particularly its chain of KFC outlets in Thailand. The transaction is expected to be completed by 30 June 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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Devyani International to invest ₹3,473 million in Thai subsidiary