India: KFC, Pizza Hut Operators Devyani, Sapphire Announce $934M Merger

Devyani International and Sapphire Foods, key operators of KFC and Pizza Hut in India, are merging in a $934 million deal. This will consolidate Yum! Brands' franchises, aiming for significant operational synergies and market leadership in India's QSR sector.

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