Devyani International announced that its subsidiary, Sky Gate Hospitality, will sell its entire 51% equity stake in Peanutbutter and Jelly Private Limited to Heritage Foods Limited. Peanutbutter will cease to be a subsidiary of Sky Gate. The deal, formalized on December 30, 2025, is expected to close by January 31, 2026, with a consideration of ₹9 crore.
Stake Divestment
Sky Gate Hospitality Private Limited, a subsidiary of Devyani International, has executed a Share Purchase Agreement with Heritage Foods Limited for the sale of its entire 51% equity stake in Peanutbutter and Jelly Private Limited. This announcement was made on December 30, 2025.
Transaction Details
Upon completion of the sale, Peanutbutter and Jelly Private Limited will no longer be a subsidiary of Sky Gate and, consequently, will no longer be a step-down subsidiary of Devyani International. The consideration received from the sale is ₹9 crore (Rupees Nine Crore only).
Timeline and Completion
The transaction is expected to be completed on or before January 31, 2026. Heritage Foods Limited, the buyer, is a dairy company. The agreement was officially entered into on December 30, 2025.
Source: BSE
