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Devyani International To Pick Up Majority Stake In Biryani By Kilo

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SUMMARY

Devyani International said in an exchange filing that its board has proposed to approve the definitive agreement and issuance of equity shares payable for the acquisition

The financial details of the deal was not disclosed

The development comes after Biryani By Kilo raised $2 Mn from Dubai-based investment firm Pulsar Capital

Devyani International, which runs QSR chains such as KFC via franchise agreements, is set to pick up controlling stakes in cloud kitchen startup…

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