KFC, Pizza Hut operators Devyani & Sapphire Foods merger in focus: All you need to know about the deal

A Bloomberg report pegs the deal size at $933 million. The transaction consolidates KFC and Pizza Hut operations in India under a single operator, backed by Yum! Brands. Prior to this, Devyani and Sapphire ran separate but parallel operations for the KFC and Pizza Hut chains across the country.