Acquisitions1 Jan 2026, 09:34 pm
Devyani International Ltd. to Acquire Sapphire Foods India Ltd. in $1.7 Billion Deal
AI Summary
Devyani International Ltd., the largest franchisee of Yum Brands in India, has agreed to acquire Sapphire Foods India Ltd., a leading YUM franchisee operator in the Indian subcontinent, in a deal worth approximately $1.7 billion. The acquisition includes 529 KFC and 338 Pizza Hut restaurants in India, 119 Pizza Hut and 11 Taco Bell restaurants in Sri Lanka. The deal is expected to create a unified platform with an enlarged geographical footprint, enabling the company to serve customers across India and international territories with greater consistency, efficiency, and quality of service.
Key Highlights
- Devyani International Ltd. to acquire Sapphire Foods India Ltd. in a $1.7 billion deal
- The acquisition includes 529 KFC and 338 Pizza Hut restaurants in India, 119 Pizza Hut and 11 Taco Bell restaurants in Sri Lanka
- The deal is expected to create a unified platform with an enlarged geographical footprint
- The acquisition will enable the company to serve customers across India and international territories with greater consistency, efficiency, and quality of service
- The deal is subject to necessary statutory and regulatory approvals