Yum Restaurants (India) Private Limited is likely to exit quick service restaurant major Devyani International Limited (NSEI:DEVYANI) by selling a 4.4% stake through a block deal on February 21, 2024, according to news reports. Through the sale, Yum Restaurants plans to raise around INR 8,150 million, reports said. The floor price for the sale has been fixed at INR 153.5 a share, which is at a discount of nearly 8% to the current price.

Shares of Devyani International ended 0.6% up at INR 166.20 on the National Stock Exchange.