The Economic Times

Devyani-Sapphire merger gets CCI approval, bringing KFC, Pizza Hut India operations under one roof

The Competition Commission of India has granted approval for the merger of Sapphire Foods India Limited with Devyani International Limited, consolidating two prominent quick-service restaurant operators. The merger aims to enhance operational efficiency and strengthen the presence of KFC and Pizza Hut in India, with the combined entity projected to operate over 3,000 stores globally.