Fair Competition
For Greater Good
भारतीय (cid:366)ित(cid:729)धा(cid:330) आयोग
Competition Commission of India
30th October 2026
PRESS RELEASE No. 76/2026-27
Commission approves merger of Sapphire Foods India Limited with
and into Devyani International Limited and related transactions.
The Proposed Combination envisages merger of Sapphire Foods India
Limited (Sapphire) with and into Devyani...
Fair Competition For Greater Good भारतीय (cid:366)ित(cid:729)धा(cid:330) आयोग Competition Commission of India 30th October 2026 PRESS RELEASE No. 76/2026-27 Commission approves merger of Sapphire Foods India Limited with and into Devyani International Limited and related transactions.
The Proposed Combination envisages merger of Sapphire Foods India Limited (Sapphire) with and into Devyani International Limited (Devyani) and certain related transactions.
Devyani, inter alia, operates KFC and Pizza Hut franchise outlets across India. Devyani is also the exclusive franchisee of Costa Coffee, New York Fries, and Sanook Kitchen in India. In addition, Devyani also owns and operates homegrown brands.
Sapphire also operates KFC and Pizza Hut franchise outlets in India.
Detailed order of the Commission will follow. *****