Devyani Int to invest Rs 100 cr

Devyani International, which runs global food chains like Pizza Hut and KFC in India, will invest Rs 100 crore on opening over 100 outlets across all its brands in the country within the next one year.

The company, which today introduced its first South Indian restaurant ''Vaango'', said it plans to open up to 15 outlets in the Delhi and National Capital Region this year.

"We will invest Rs 100 crore to open over 100 food outlets across all our brands in the country. We will be doing it within a period of one year," Devyani International President and Chief Executive Officer Virag Joshi told reporters here.

The company has recently announced plans to raise up to Rs 750 crore through a public issue by early next year to fund its expansion plans.

"We are targeting the end of this year (2011) or early 2012 for listing of Devyani International. We plan to raise between Rs 500- Rs 750 crore through the public issue," RJ Corp Chairman Ravi Jaipuria had said.