Delhi-based RJ Corp today said its food company Devyani International plans to raise Rs 2,500 crore through a public issue next year to fund expansion.
“We are planning to list Devyani International by third quarter of next year by divesting about 25 per cent stake. The total amount of money to be raised is still being evaluated but it could be around Rs 2,500 crore,” RJ Corp Chairman Ravi Jaipuria said.
Devyani International is one of the group firms of RJ Corp that operates chains of food and beverage brands such as KFC, Pizza Hut and Costa Coffee in India.
“Currently paper work and accounting for the IPO is being done,” he said.
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