CNBC-TV18 Newsbreak Confirmed: KFC, Pizza Hut operator Sapphire to Merge into Devyani at 1:1.77 swap ratio

January 1, 2026
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Sapphire Foods India Limited will merge into Devyani International Limited, consolidating KFC and Pizza Hut operations under one listed company with about 3,000 stores across India.

CNBC-TV18 Newsbreak Confirmed: KFC, Pizza Hut operator Sapphire to Merge into Devyani at 1:1.77 swap ratio

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