GURGAON – India’s KFC and Pizza Hut operators Sapphire Foods and Devyani International said on Jan 1 they will merge in a US$934 million (S$1.2 billion) deal, creating a fast-food franchisee ...

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Sapphire Foods, one of the largest franchisees of Yum! Brands (KFC, Pizza Hut and Taco Bell) in the Indian subcontinent will merge with Devyani International Ltd (DIL) in a USD 934 million (Rs 84,094 ...