The Competition Commission of India Approves Merger of Sapphire Foods India and Devyani International
India's Competition Commission has cleared the merger of Sapphire Foods India into Devyani International. Devyani runs KFC and Pizza Hut franchises in India and is the exclusive Costa Coffee franchisee there. Sapphire runs over 700 outlets under KFC, Pizza Hut and Taco Bell brands across India, Sri Lanka and the Maldives. The tie-up could improve coordination and support expansion.