DIL buys 80% stake in Biryani by Kilo's parent firm for ₹419 crore

Devyani International (DIL) has acquired 80.72% stake in Biryani by Kilo's parent company Sky Gate Hospitality for ₹419 crore. The acquisition includes Sky Gate Hospitality brands like Goila Butter Chicken and The Bhojan, adding 100 outlets across 40 cities to DIL's portfolio. DIL operates fast food and beverage brands like KFC, Pizza Hut and Costa Coffee in India.