By Admin 
If you are an investor in KFC or Pizza Hut, then missing this update can be costly. On January 1, Sapphire Foods and Devyani International announced a mega merger, which could create a market leader in India’s QSR (Quick Service Restaurant) space.
There will be a share-swap in this deal—for every 100 shares of Sapphire Foods, 177 Devyani shares will be available. Record date has not been announced yet, so it is important for investors to remain alert. Yum! Brands has given green signal to this consolidation and Devyani will also acquire 19 KFC outlets in Hyderabad.
According to the company, the merger will improve margins, streamline operations and an annual synergy of ₹210–225 crore is possible from the second full year. This deal can prove to be truly game-changing for long-term investors.