Devyani and Sapphire Foods Merge to Form Major Indian Fast-Food Chain
Originally Published 10 days ago — by CNBC
Devyani International, the Indian franchisee for KFC and Pizza Hut, announced a merger with rival Sapphire Foods India, creating a larger entity to accelerate expansion and improve operations in India, with the deal valued at approximately $934 million and expected to complete within 12-15 months.