CCI Approves Merger of Sapphire Foods Into Devyani International, Creating India's Largest KFC and Pizza Hut Franchisee
The Competition Commission of India has cleared the proposed merger of Sapphire Foods India into Devyani International, a key regulatory step in consolidating two major KFC and Pizza Hut franchise operators.
The Approval
The Competition Commission of India (CCI) has approved the proposed merger of Sapphire Foods India Limited into Devyani International Limited, along with certain related transactions, Indian Retailer reported on 2 November 2026.
Key Facts
- Devyani International: Operates KFC and Pizza Hut franchise outlets in India and holds exclusive franchise rights for Costa Coffee, New York Fries and Sanook Kitchen.
- Sapphire Foods: Also operates KFC and Pizza Hut franchise outlets in India.
- Status: CCI clearance is a key regulatory step; the combination still follows the companies' remaining approval process.
Why It Matters
The deal consolidates two of India's largest multi-brand QSR franchisees, reshaping the competitive landscape for international food franchises in the country.
Source: Indian Retailer, 2 Nov 2026
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