Devyani International share price: The shares of Devyani International, the largest franchisee of fast food majors Pizza Hut, KFC and Costa Coffee in India, made a strong debut on the stock exchanges today listing at over 56 per cent higher than their issue price. At 10:30 am, the scrip was trading at Rs 128.75 on the BSE, up 43.06 per cent from the issue price while on NSE it was at Rs 128.55. Over 9.97 crore shares of Devyani International were traded on the NSE during the first 30 minutes of trade, while over 42.68 lakh shares exchanged hands on the BSE, data from the respective stock exchanges showed. The Rs 1,838 crore IPO of the quick service restaurants (QSR) operator met a robust demand during its offer period from August 4-6. Devyani International currently operates 297 Pizza Hut stores, 264 KFC stores and 44 Costa Coffee as of March 2021 in India.

Source: Indian Express August 16, 2021 05:09 UTC