Archive · 9 Jan 2026
Devyani International Sells Peanutbutter to Heritage Foods
Devyani International, a big company that runs fast-food places, sold its 51% share in a smaller company called Peanutbutter and Jelly to Heritage Foods.
Peanutbutter and Jelly makes healthy ice creams and desserts.
This sale happened right away.
Devyani International had bought Sky Gate Hospitality last year, which owns other food brands like Biryani By Kilo and Goila Butter Chicken.
Recently, Devyani also announced a big merger with Sapphire Foods, which could make them one of the largest fast-food chains in India, with over $1 billion in revenue.
Devyani International's subsidiary Sky Gate Hospitality sold its 51% stake in Peanutbutter and Jelly to Heritage Foods.
Peanutbutter and Jelly owns the health-focused 'Get-A-Way' brand, known for high-protein, no-added-sugar ice creams and desserts.
The sale was executed through a Share Purchase Agreement and took effect immediately.
Devyani International acquired Sky Gate Hospitality last year, which owns brands like Biryani By Kilo and Goila Butter Chicken.
Devyani International recently announced a merger with Sapphire Foods, which could make it one of the largest QSR chains in India.
- Who
- Devyani International, Heritage Foods, Sky Gate Hospitality, Peanutbutter and Jelly
- What
- Sale of 51% stake in Peanutbutter and Jelly to Heritage Foods
- When
- January 9, 2026
- Where
- India
- Why
- Strategic divestment by Devyani International
- Company
- Devyani International
- Subsidiary
- Sky Gate Hospitality
- Sold Stake
- Peanutbutter and Jelly
- Buyer
- Heritage Foods
- Stake Sold
- 51%
- Effective Date
- Immediate
- Acquired Brands
- Biryani By Kilo, Goila Butter Chicken
- Merger Announcement
- Sapphire Foods