Devyani International and Sapphire Foods will merge through a near-parity share-swap to create one of India’s largest QSR players with over 3,000 outlets and revenue above Rs 7,800 crore, bringing all KFC and Pizza Hut operations under one operator, with limited arbitrage and equal synergy benefits for shareholders.
Global markets at an inflexion point: Q2 could reward patience over prediction
Global markets are shifting from a low-volatility regime due to geopolitical tensions and persistent inflation. As Q2 begins, investors face uncertainty regarding valuation sustainability in