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The Economic Times
English Edition
| 04 August, 2021, 11:28 AM IST | E-Paper
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Business News›Markets›IPOs/FPOs›Rising consumerism, strong QSR portfolio make DIL a long term bet

    Rising consumerism, strong QSR portfolio make DIL a long term bet

    Synopsis

    The quick-service restaurant (QSR) segment is expected to benefit from the growing consumerism in the country. The IPO seems to be valued reasonably.

    ET Intelligence Group: Quick service restaurateur Devyani International (DIL) plans to raise Rs 1,838 crore from the primary market. Of this, Rs 440 crore will be used to reduce debt while the remaining is an offer for sale. The company has a strong franchisee in the form of Pizza Hut, Kentucky Fried Chicken (KFC), and Costa Coffee. The quick-service restaurant (QSR) segment is expected to benefit from the growing consumerism in the country. The
    BY
    ET Bureau
    4 mins read, Last Updated:
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