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.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an