Restaurants Development News Today

Siregran Sakuliampaiboon and Phanpicha Nityo, Weerawong C&P

Analysts seem conservative in their projections. In fact, the target level set by some domestic brokers could well be breached before the end of this year itself

Year-to-date, Devyani International share price has gained just about a per cent. Devyani International share price hit its 52-week high of ₹227.75 on September 11, 2023, and its 52-week low of ₹134.05 on March 27, 2023.

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In order to penetrate the QSR service restaurant market in Thailand, Devyani International DMCC signed an agreement to acquire stakes in Restaurants Development company, , stock market, nifty, sensex, devyani international, thailand, Quick Service Restaurants (QSR), retail investors, Intraday, national stock exchange

Motilal Oswal is bullish on Devyani International recommended buy rating on the stock with a target price of Rs 220 in its research report dated December 18, 2023.

The QSR of Asia under Thai Beverage Plc (ThaiBev), one of the operators of KFC in Thailand, is keen to participate in a race to acquire another KFC franchise if Restaurants Development Co, one of the other KFC franchisees in Thailand, agrees to sell its KFC franchise business as reported.

SINGAPORE: Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia's second-largest economy, three sources aware of the matter said.

The Restaurants Development Company is backed by a consortium led by Southeast Asian-focused private equity firm AIGF Advisors.

Restaurants Development (RD), a KFC franchisee, will accelerate growth in 2022 to build at least 28 new KFC restaurants