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

Devyani International and Sapphire Foods India, key operators of KFC and Pizza Hut in India, are merging in a $934 million deal. This consolidation aims to create India's largest quick-service restaurant (QSR) platform, with Devyani shares significantly rising on the news.

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