** India's Devyani International DEVY.NS jumps over 6% to one-month high of 175.78 rupees; on course for seventh straight session of gains
** KFC and Pizza Hut operator's board to meet on April 24 to approve acquiring Sky Gate Hospitality, which operates Biryani by Kilo
** Sky Gate has 3 billion rupee revenue (FY2025) from 106 restaurants/cloud kitchens across more than 40 cities
** Emkay Global Financial Services upgrades stock to "buy" from "add" on potential value creation from deal
** Acquisition to mark Devyani's foray into biryani category, which is large, delivery-friendly, and offers an opportunity to scale a quick service restaurant $(QSR)$ biryani brand - Kotak Institutional Equities
** Says Biryani By Kilo has fared well among biryani QSRs and has superior average daily sales
** DEVY trims YTD losses to 3.7%
(Reporting by Vivek Kumar M)
((VivekKumar.M@thomsonreuters.com;))
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