Dunearn Investments offloads 2% stake in Devyani International for Rs482 crore

24 Aug 2022 , 09:15 AM

Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, pared a 2% share in restaurant operator Devyani International for Rs482 crore in an open market deal on Tuesday.

Devyani International is an omnichannel restaurant and the largest Yum Brands franchisee in India.

As per the BSE bulk trade data, Dunearn Investments (Mauritius) Pte. Ltd. offloaded 2,63,29,516 shares, representing a 2.18% stake in the firm.

The company offloaded the stake at an average price of Rs183.11 per piece with an aggregate transaction value of Rs482 crore.

However, there was no certainty on who picked up these shares.

According to ownership statistics filed with the market, Dunearn Investments, a public stakeholder in Devyani International, held an 8.13% stake in the quick service restaurant operator at the end of the June quarter.

At around 9.18 AM, Devyani International was trading 0.97% higher at Rs187.80 against previous close of Rs186 on NSE. The counter opened at Rs187.70.