Yum Brands - Febspot

Yum Brands

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Devyani and Sapphire Foods to merge, combining Yum! Brands franchises in India — Image.cnbcfm.com

Devyani and Sapphire Foods to merge, combining Yum! Brands franchises in India

Shares of Devyani International rose as much as 5.3% after it announced plans to merge with rival franchisee Sapphire Foods India, which operates KFC and Pizza Hut outlets in the region. The deal would combine two of Yum! Brands' largest franchise partners in India into a single operator

Devyani and Sapphire to merge Indian KFC and Pizza Hut operations; shares react — Image.cnbcfm.com

Devyani and Sapphire to merge Indian KFC and Pizza Hut operations; shares react

Shares of Devyani International rose as much as 5.3% after the company announced plans to merge with rival franchisee Sapphire Foods India, while Sapphire's shares fell as much as 6.4% at the open. The deal would combine the two major franchise operators for Yum! Brands in