India's Devyani International falls on block deal

Devyani International

27/02/2024 07:01

** Shares of Devyani International Ltd  DEVY.NS  down 3.1%
at 157.25 rupees
    ** Pizza Hut India franchisee falls nearly 6% in initial
minutes of trade
    ** Over 6.2 mln shares change hands in block deal vs 30-day
avg volume of 3.5 mln shares; total 13.7 mln shares traded
    ** Pizza Hut parent Yum! Brands  YUM.N  sold entire 4.4%
stake in DEVY last week; Goldman Sachs, Morgan Stanley,
Government of Singapore among buyers
    ** DEVY rated "buy" on avg by analysts, similar to peers -
LSEG data
    ** Stock down 2.3% YTD

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))