Devyani–Sapphire Merger Set To Create India’s Biggest Kfc–Pizza Hut-Taco Bell Operator
India’s fast-food landscape is heading for a major shake-up. KFC, Pizza Hut and Taco Bell are set to come under one roof as Sapphire Foods India and Devyani International agree to a $934 million share-swap merger. While regulatory and shareholder approvals are still pending, industry watchers say the merger could redefine competition in India’s fast-food sector and accelerate store expansion across metros and smaller cities alike.
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