Over 15 Funds have bought shares in this company – Do you own it?
The company operates as a franchisee for the Costa Coffee brand, managing stores across India
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and stands among the largest operators of chain quick service restaurants (QSR) in the country. Additionally, DIL serves as a franchisee for the Costa Coffee brand, operating stores in India.
Yum Restaurants India, which owned 4.4 per cent of Devyani International Limited, sold its entire stake in the company on Wednesday.
Block Deal
According to block deal data on the National Stock Exchange, Yum Restaurants India offloaded 5,30,83,330 shares, representing its 4.4 per cent stake in Devyani International. The shares were offloaded at an average price of Rs 164.10 apiece, resulting in a transaction value of Rs 871 crore.
|
Date
|
Client
|
Buy / Sell
|
Quantity Traded
|
Average Price
|
Amount
|
|
21-Feb-24
|
YUM RESTAURANTS INDIA PVT LTD
|
SELL
|
5,30,83,330
|
164.10
|
8,71,09,74,453
|
Buyers in the Block Deal
Nippon India Mutual Fund, Societe Generale, Franklin Templeton Mutual Fund, Sundaram Mutual Fund, Singapore Government, Goldman Sachs, and Morgan Stanley Asia Singapore were among the buyers of Devyani International's shares.
Complete list of all the buyers along with the shares they purchased and the total amount they have invested in the same.
|
Client
|
Quantity Traded
|
Average Price
|
Amount
|
|
NIPPON INDIA MUTUAL FUND
|
80,00,000
|
164.1
|
1,31,28,00,000
|
|
SOCIETE GENERALE
|
50,75,000
|
164.1
|
83,28,07,500
|
|
FRANKLIN TEMPLETON MUTUAL FUND
|
50,00,000
|
164.1
|
82,05,00,000
|
|
SUNDARAM MUTUAL FUND
|
48,00,000
|
164.1
|
78,76,80,000
|
|
GOVERNMENT OF SINGAPORE
|
44,43,479
|
164.1
|
72,91,74,904
|
|
EMPLOYEES PROVIDENT FUND
|
38,00,000
|
164.1
|
62,35,80,000
|
|
AXIS MUTUAL FUND
|
30,00,000
|
164.1
|
49,23,00,000
|
|
HDFC STANDARD LIFE INSURANCE COMPANY LIMITED
|
28,00,000
|
164.1
|
45,94,80,000
|
|
GHISALLO MASTER FUND LP
|
22,23,330
|
164.1
|
36,48,48,453
|
|
COPTHALL MAURITIUS INVESTMENT LIMITED
|
20,00,000
|
164.1
|
32,82,00,000
|
|
MORGAN STANLEY ASIA SINGAPORE PTE
|
18,75,000
|
164.1
|
30,76,87,500
|
|
GOLDMAN SACHS INDIA EQUITY PORTFOLIO
|
18,51,955
|
164.1
|
30,39,05,816
|
|
PGIM INDIA MUTUAL FUND
|
17,50,000
|
164.1
|
28,71,75,000
|
|
BANDHAN MUTUAL FUND
|
10,71,429
|
164.1
|
17,58,21,499
|
|
BANDHAN MUTUAL FUND
|
10,71,429
|
164.1
|
17,58,21,499
|
|
GOLDMAN SACHS (SINGAPORE) PTE
|
10,00,000
|
164.1
|
16,41,00,000
|
|
CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD
|
9,60,000
|
164.1
|
15,75,36,000
|
|
HDFC MUTUAL FUND
|
7,50,000
|
164.1
|
12,30,75,000
|
|
MONETARY AUTHORITY OF SINGAPORE
|
5,56,521
|
164.1
|
9,13,25,096
|
|
MORGAN STANLEY ASIA SINGAPORE PTE
|
5,50,000
|
164.1
|
9,02,55,000
|
|
BANDHAN MUTUAL FUND
|
3,57,142
|
164.1
|
5,86,07,002
|
|
MEDIOLANUM INDIA OPPORTUNITIES FUNDS
|
84,979
|
164.1
|
1,39,45,054
|
|
GS INDIA EQUITY
|
63,066
|
164.1
|
1,03,49,131
|
*Source: NSE
Share Performance
At the beginning of the day, it opened higher at Rs 171.40 per share on the BSE than the last day's closing price, and hit intraday highs and lows of Rs 171.50 and Rs 162.50, respectively, and eventually closed at Rs 164.80 per share on the BSE.
Furthermore, the company’s stock has generated a negative return of around 15.83 per cent in the past six months and a moderate return of around 8.20 per cent. Comparing these returns with the benchmark return, none of the mentioned periods have shown outperformance and the ability to beat the Sensex return.
The current market capitalisation of the company stands at Rs 19,872 crore.
Investors must keep this stock on their radar.