Devyani International to Sell 51% Stake in Peanutbutter and Jelly

Devyani International, a company that owns many food businesses, is selling more than half (51%) of its stake in a company called Peanutbutter and Jelly.

They made an agreement to sell this part of their business to another company called Heritage Foods.

The deal was made on December 30, 2025, and it is expected to be finished by January 31, 2026.

On the day this news was shared, Devyani International's stock price went down a little, while Heritage Foods' stock price went up a bit.