Devyani International pumps ₹347 crore into Thailand KFC operator to boost business

• Devyani International Ltd (DIL) approved an investment of THB 1,210 million (~₹347.3 crore) in Restaurants Development Co. Ltd (RD), a Thailand-based KFC operator.
• The investment aims to strengthen RD's balance sheet and support long-term business needs, routed through DIL's subsidiary Devyani International DMCC (DID) and group entity Yellow Palm Co. Ltd.
• THB 810 million (~₹232.5 crore) will repay RD's existing debt to DID, with the remaining funds for working capital and capital expenditure.
• DID will fund this through a THB 400 million convertible loan from DIL and a THB 810 million short-term loan from Axis Bank Limited, Dubai, backed by a DIL corporate guarantee.
• Post-investment, DID will hold 49% and Yellow Palm Co. Ltd. 51% in RD, with the acquisition expected by June 30, 2026.