The Competition Commission of India (CCI) has approved the Devyani Sapphire merger, under which Sapphire Foods India Limited merges into Devyani International Limited along with certain related transactions. Business of Food reported the clearance on 2 November 2026.
Both companies run KFC and Pizza Hut franchise outlets in India.
What does the CCI approval cover?
The approval covers the merger of Sapphire into Devyani and certain related transactions. The report gives no deal value, exchange ratio or timeline, and no executive or regulator quotes.
What does Devyani International operate?
Devyani runs KFC and Pizza Hut franchise outlets across India. It is also the exclusive Indian franchisee of Costa Coffee, New York Fries and Sanook Kitchen, and owns and operates homegrown brands. Sapphire also operates KFC and Pizza Hut franchise outlets in India.
Market Reaction and Industry Response
The source does not report any share-price reaction or comment from either company or from industry bodies following the approval.
What Happens Next?
The report does not say what approvals or steps remain before the merger takes effect, so no completion date is given here.
Frequently Asked Questions
What did the CCI approve?
The merger of Sapphire Foods India Limited into Devyani International Limited, with certain related transactions.
Which brands do the two companies run in India?
Both run KFC and Pizza Hut franchise outlets; Devyani also holds Costa Coffee, New York Fries and Sanook Kitchen in India.
Were deal terms disclosed?
The source report does not give financial terms for the merger.
Source: Business of Food, 2 November 2026.
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