Latest news with #SkyGate
The Star
11-07-2025
- Business
- The Star
SkyGate to raise stake in SkyGate Integration to 95% via RM9.8mil share deal
KUALA LUMPUR: SkyGate Solutions Bhd has entered into a share sale agreement with Ong Chee Fui to acquire a 44% equity interest in SkyGate Integration Sdn Bhd for RM9.8mil. In a filing with Bursa Malaysia, the telecommunications and technology firm said the purchase will be fully satisfied through the issuance of approximately 14.63 million new SkyGate shares at 67 sen per share. This follows SkyGate's earlier announcement on April 15, 2025 regarding the acquisition of a 51% stake in SkyGate Integration for RM10.71mi cash. As part of that deal, SkyGate Integration owed RM1.08mil to Ong, which was part of a loan from Kumpulan Modal Perdana Sdn Bhd (KMP). Under the current proposal, SkyGate will settle the RM1.08mil owed to Ong by issuing 1.61 million new SkyGate shares at 67 sen per share. Upon completion of the proposed acquisition, SkyGate Integration will become a 95%-owned subsidiary of the company. SkyGate said the proposed acquisition is part of its long-term strategy to grow the group's business, strengthen operations, and deliver greater value to shareholders. It added that the move will enhance its market position and support growth in the electrical and electronics (E&E) sector. SkyGate Integration's expertise in software development, system integration, and technology solutions complements the group's existing portfolio, allowing it to offer a wider range of services to more customers.
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Business Standard
24-06-2025
- Business
- Business Standard
Why did KFC, Pizza Hut operator Devyani International shares rise 3% today?
Devyani International, operator of famous fast food chains KFC and Pizza Hut, shares gained 3.3 per cent in trade on Tuesday, logging an intraday high at ₹172.4 per share on BSE. The buying on the counter came after the company inked a share subscription agreement and shareholders agreement with Sky Gate Hospitality for acquisition of 80.72 per cent stake. At 10:21 AM, Devyani International share price was trading 1.38 per cent higher at ₹169.05 per share on the BSE. In comparison, the BSE Sensex was up 1.09 per cent at 82,785.49. The company's market capitalisation stood at ₹20,424.94 crore. Its 52-week high was at ₹222.75 per share and 52-week low was at ₹130.05 per share. Devyani International has previously informed that it had acquired 80.72 per cent stake in Sky Gate Hospitality along with its subsidiaries. To discharge the consideration for the acquisition, Devyani International had proposed the issuance and allotment of 2,37,18,413 shares of face value of ₹1 each, on a preferential basis. According to the filing, post the said acquisition, Sky Gate along with its subsidiaries-- Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly became subsidiaries of Devyani International. On Monday, June 23, 2025, the company executed the share subscription, purchase and shareholders agreement with Sky Gate and its promoters/ founders to acquire additional equity stake in Sky Gate, in one or more tranches. The cost of acquisition is up to ₹106.25 crore, according to the filing. Currently, the company holds 80.72 per cent equity in Sky Gate. Subsequent to the proposed investment, the company's equity stake would increase to 86.13 per cent, on a fully diluted basis, in Sky Gate. About Devyani International Established in 1991, Devyani International Limited (DIL) is one of India's largest and fastest growing Chain Quick Service Restaurant (QSR) operators in the country. As on December 31, 2024, the company operates more than 2,030 stores across brands in over 280 cities in India, Thailand, Nigeria and Nepal. DIL is India's largest franchisee for Yum Brands, operating KFC and Pizza Hut outlets, and the exclusive franchisee for Costa Coffee cafes in the country.
Economic Times
24-06-2025
- Business
- Economic Times
Devyani International shares in focus on additional stake acquisition in Biryani by Kilo for Rs 106 crore
Shares of Devyani International Ltd (DIL) will be in focus on Tuesday, June 24, after the company announced plans to acquire an additional stake in Sky Gate Hospitality, the parent company of Biryani By Kilo, for up to Rs 106.25 crore. ADVERTISEMENT The acquisition will be carried out through a combination of subscribing to new equity shares and purchasing shares from the promoter group. This is expected to increase Devyani's stake in Sky Gate from the current 80.72% to 86.13% on a fully diluted basis. In an exchange filing, the company confirmed that it has executed a share subscription agreement and shareholders' agreement with Sky Gate and its promoters, along with a share purchase agreement to acquire the additional stake in one or more tranches. Devyani International stated that the move aims to facilitate further investments in Sky Gate and its subsidiaries—Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly Private Limited—while also supporting general corporate transaction, which has been undertaken on an arm's length basis, is expected to be completed on or before July 31, Gate operates multiple food and beverage brands, including Biryani By Kilo, Goila Butter Chicken, The Bhojan, Get-A-Way, and Krazy Kebab Co. ADVERTISEMENT For the financial year ending March 31, 2025, Sky Gate reported an unaudited consolidated turnover of Rs 277 crore (excluding a few subsidiaries). Since its incorporation in July 2015, the company has posted consistent revenue growth, rising from Rs 133 crore in FY22 to Rs 277 crore in FY25 (unaudited), highlighting its growing presence in India's food and beverage sector. On Monday, shares of Devyani International closed flat at Rs 166.75 on the BSE. ADVERTISEMENT Also read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-06-2025
- Business
- Time of India
Devyani International shares in focus on additional stake acquisition in Biryani by Kilo for Rs 106 crore
Devyani International will be in focus on June 24 after announcing plans to acquire an additional stake in Sky Gate Hospitality, parent of Biryani By Kilo, for up to Rs 106.25 crore. The deal, via a mix of fresh equity and promoter stake purchase, will raise Devyani's holding from 80.72% to 86.13% on a fully diluted basis. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Devyani International Ltd (DIL) will be in focus on Tuesday, June 24, after the company announced plans to acquire an additional stake in Sky Gate Hospitality , the parent company of Biryani By Kilo , for up to Rs 106.25 acquisition will be carried out through a combination of subscribing to new equity shares and purchasing shares from the promoter group. This is expected to increase Devyani's stake in Sky Gate from the current 80.72% to 86.13% on a fully diluted an exchange filing, the company confirmed that it has executed a share subscription agreement and shareholders' agreement with Sky Gate and its promoters, along with a share purchase agreement to acquire the additional stake in one or more International stated that the move aims to facilitate further investments in Sky Gate and its subsidiaries—Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly Private Limited—while also supporting general corporate transaction, which has been undertaken on an arm's length basis, is expected to be completed on or before July 31, Gate operates multiple food and beverage brands, including Biryani By Kilo, Goila Butter Chicken, The Bhojan, Get-A-Way, and Krazy Kebab the financial year ending March 31, 2025, Sky Gate reported an unaudited consolidated turnover of Rs 277 crore (excluding a few subsidiaries). Since its incorporation in July 2015, the company has posted consistent revenue growth, rising from Rs 133 crore in FY22 to Rs 277 crore in FY25 (unaudited), highlighting its growing presence in India's food and beverage sector On Monday, shares of Devyani International closed flat at Rs 166.75 on the BSE.
Yahoo
06-06-2025
- Business
- Yahoo
SkyGate Growth Strategies Launches Inaugural Webinar Featuring JDS Development CEO Michael Stern
Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules Miami, Florida, June 05, 2025 (GLOBE NEWSWIRE) -- Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules SkyGate Growth Strategies is proud to announce the launch of its SkyGate Webinar Series, kicking off on June 17, 2025, with an exclusive and timely conversation featuring Michael Stern, Founder and CEO of JDS Development Group—one of the most visionary and successful real estate developers in the United States. The inaugural webinar, titled 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules" will explore the rapidly growing movement to democratize access to elite investment opportunities, particularly in luxury real estate—an asset class historically dominated by institutional players. Michael Stern has spent his career building iconic, skyline-defining developments across the country. Backed by partnerships with global banks, sovereign wealth funds, and prominent billionaires, JDS Development has delivered a powerful track record of innovation and outsized returns. As the industry evolves, so does Stern's vision. He now sees a future in opening up access to qualified individual investors—allowing them to participate in deals once exclusive to Wall Street titans. Through a new partnership with SkyGate Growth Strategies, JDS is expanding access to its luxury real estate projects to a broader audience of qualified participants, aligning with emerging trends in investor inclusivity. In today's evolving economic climate, there is growing interest in sectors like real estate that offer tangible asset exposure and long-term development potential. This webinar will explore how the democratization of capital is changing the landscape—and why luxury real estate may be the next frontier. Webinar Details: Date: June 17, 2025 Time: 03:00 PM - 04:00PM EST Featured Guest: Michael Stern, Founder & CEO of JDS Development Topic: 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules" Register Now: Seats are limited. Accredited investors and forward-thinking professionals are encouraged to reserve their spot early. About JDS Development Group JDS Development Group is a real estate development, construction, and acquisition firm based in New York City and Miami, with a national footprint of iconic projects. Known for pushing the boundaries of architecture, design, and engineering, JDS has delivered some of the most prestigious residential and mixed-use developments in the country—including projects like 111 West 57th Street and Monad Terrace in Miami Beach. The firm is vertically integrated, allowing full control from concept through construction and operations, and has been a trusted partner to global institutions seeking long-term, value-driven returns in luxury real estate. More information: About SkyGate Growth Strategies Skygate Growth Strategies is a next-generation investment platform reshaping how accredited investors access private real estate deals. Designed to bridge the gap between high-performance, institutional-grade assets and a new generation of individual investors, Skygate uses modern technology and trusted partnerships to make it easier for people to learn about and engage with private real estate projects, starting at investment minimums of $25,000. Skygate's mission is to democratize capital, level the playing field, and bring the power of real estate investing to more people—without compromising on quality. Learn more: Forward-Looking Statements This press release may contain forward-looking statements describing future expectations, plans, results, or strategies. These statements are subject to risks and uncertainties that may cause actual outcomes to differ materially from those projected. Changes in product offerings, regulatory plans, and business strategies are potential factors influencing such differences. No investment advice. For informational purposes only. Media Contact: Lola Iparraguirre Skygate Growth Strategies LLC Phone number: 954-710-6630 Email: press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
