Devyani International announced that its subsidiary, Sky Gate Hospitality Private Limited (‘Sky Gate’), has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly Private Limited (‘Peanutbutter’). As a result, Peanutbutter has ceased to be a subsidiary of Sky Gate and a step-down subsidiary of Devyani International with immediate effect. The initial agreement for the sale was dated December 30, 2025.
Stake Sale Completed
Sky Gate, a subsidiary of Devyani International, has finalized the sale of its 51% equity stake in Peanutbutter. This transaction was executed under a Share Purchase Agreement with Heritage Foods Limited.
Impact of the Sale
With the completion of the sale, Peanutbutter is no longer a subsidiary of Sky Gate or a step-down subsidiary of Devyani International. This change is effective immediately as of January 8, 2026.
Source: BSE
