Devyani International buys Thailand's KFC operator for $129M, gains 274 outlets
India's largest KFC franchisee acquires Restaurants Development Co via its Dubai unit (51% stake, Temasek holds 49%) for $128.9 million. The deal adds 274 Thai KFC outlets to Devyani's 500-store base across India, Nepal and Nigeria, marking a major Southeast Asia push by March 2024.
Devyani International, India's largest KFC franchisee, will acquire Thailand's Restaurants Development Co for $128.9 million via its Dubai unit (51% stake; Temasek holds 49%), adding 274 KFC outlets to its 500-store base across India, Nepal and Nigeria.