Devyani International to deploy Rs 1,000 cr pre-IPO, eyes 150-200 new stores per brand
RJ Corp's QSR arm Devyani International plans a Rs 1,000 crore capex over five years to scale KFC, Pizza Hut and Costa Coffee footprints by 150-200 outlets each ahead of its IPO. The Samara- and Temasek-backed franchisee may also acquire Yum's 90 owned KFC stores, and has hired ex-KFC India MD Rahul Shinde to drive growth.
Devyani International, RJ Corp's KFC/Pizza Hut franchisee, plans Rs 1,000 crore investment over five years to add 150-200 stores per brand ahead of IPO, possibly acquiring Yum's 90 owned KFC outlets. Hires ex-KFC India MD Rahul Shinde.