Restaurants Development Co 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

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth US$128.9 million.

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.

The development triggered a strong investor interest in the stock with nearly 82 lakh shares changing hands on the NSE, while the stock witnessed a 5.20 times spurt in volumes on the BSE.

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

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.

India's Devyani International on Monday said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 ......

​The Thai restaurant operator runs 274 KFC outlets in the Southeast Asian country and employs more than 4,500 people. Devyani acquired the company through its Dubai unit in which it owns a 51% stake, while Singapore-based private investment firm Temasek Holdings owns the remaining.

India KFC operator Devyani International enters Thailand with $129 mln deal