KFC, Pizza Hut operator Devyani International receives Sebi nod for IPO

The IPO would comprise of a fresh issue of Rs 400 crore and an offer for sale of up to 12,53,33,330 shares by a wholly-owned subsidiary of Temasek Holdings (Dunearn Investments Mauritius Pte) and RJ Corp. As per sources, the IPO size would be about Rs 1,400 crore.