Sapphire Foods India, India's KFC and Pizza Hut operators, will merge with Devyani International in a $934 million deal, according to a CNBC report. Devyani will give shareholders 177 shares for every ...

The deal comes as India's fast-food franchisees grapple with higher costs, slowing same-store sales and margin pressure, while facing stiff competition from McDonald's (MCD.N), opens new tab and ...

The two operators of KFC and Pizza Hut restaurants in India have agreed to merge in a share swap deal worth about US$933 million, according to stock exchange filings on Thursday. (Jan 2): The two ...

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India's KFC and Pizza Hut operators Sapphire Foods and Devyani International said on Thursday they will merge in a US$934 million deal, creating a fast-food franchisee powerhouse in the world's most ...

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