CCI clears Yum-Devyani combination, paving way for KFC restaurant transfers
Competition Commission of India approved the combination between Yum Restaurants India and Devyani International, covering equity acquisition and transfer of select KFC outlets. Devyani, a major Indian franchisee for KFC and Pizza Hut, strengthens its operating footprint across multiple territories.
CCI has approved a combination between Yum Restaurants India and Devyani International involving acquisition of equity shareholding and transfer of certain KFC restaurants. Devyani is a key Indian franchisee operating KFC and Pizza Hut outlets across multiple territories.
Why this matters
Follows Yum!'s minority stake in Devyani and Rs 1,000 cr capex plan to double KFC and Pizza Hut footprint, alongside Devyani's $129M Thailand KFC acquisition and a recent KFC India CEO change.
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