New Delhi, Feb 04, 2020: The Competition Commission of India (CCI) approves the proposed combination under Section 31(1) of the Act between Yum Restaurants (India) Private Limited (YRIPL) and Devyani International Limited (DIL) involving acquisition of certain  equity shareholding and sale of certain KFC restaurants.

Yum Restaurants (India) Private Limited is a private limited company incorporated in India and is a part of Yum! Brands Inc,-a USA based entity. It is stated that in India Yum Restaurants (India) Private Limited runs restaurants under three Brands i.e. KFC, Pizza Hut and Taco Bell.

Devyani International Limited is a public company incorporated in India. It is stated to be present in QSR segment in India and is one of the franchisees of Yum Restaurants (India) Private Limited. Further, as a franchisee, it runs, maintains and operates KFC and Pizza Hut/Pizza Hut Delivery restaurants in certain territories of India. The CCI approved the proposed combination under Section 31(1) of the Act.

News Courtesy:PIB | Hindu| DC | LE | LI | LO | IE | LL | PTI |ht | ET | UNI | DNA | FP | Jurist |IndToday|

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