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Devyani gets CCI nod for Sapphire merger

PRIVATEOct 31, 2026

Acquiring Company

Devyani International Limited

Acquired Company

Sapphire Foods India

DelhiIndiaFood and BeverageHospitalityFood and BeverageHospitality

Description

The Competition Commission of India approved the proposed merger of Sapphire Foods India Limited into Devyani International Limited on October 30, 2026. The approval removes a key regulatory hurdle, though the detailed order is still pending. NCLT proceedings and shareholder votes are the next steps in the process.

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Company Information

Company

Devyani International Limited

Location

Delhi, Delhi, India

About

Devyani International Limited operates popular quick-service restaurant brands including KFC, Pizza Hut, and Costa Coffee. Founded by the Jaipuria family, the company has expanded its reach into India, Nepal, and Nigeria. With over 900 KFC outlets and numerous other franchises, it is a significant player in the foodservice sector. The acquisition strategy focuses on strengthening its market presence.

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Frequently asked

Who acquired Sapphire Foods India?

Sapphire Foods India was acquired by Devyani International Limited, based in Delhi. The deal was reported on October 31, 2026. Devyani International Limited operates popular quick-service restaurant brands including KFC, Pizza Hut, and Costa Coffee. Devyani International Limited is privately held and operates in Food and Beverage.

When did Devyani International Limited acquire Sapphire Foods India?

Devyani International Limited's acquisition of Sapphire Foods India was reported on October 31, 2026. The Competition Commission of India approved the proposed merger of Sapphire Foods India Limited into Devyani International Limited on October 30, 2026. The approval removes a key regulatory hurdle, though the detailed order is still pending. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sapphire Foods India do?

Sapphire Foods India is a restaurant operator focusing on KFC and Pizza Hut franchises in India. The company aims to provide quality dining experiences while expanding its market presence. It is privately held, operating in Food and Beverage, and is based in India.

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