<div id="readability-page-1"><div><p><span>India's KFC and Pizza Hut operator Devyani International </span><span> climbed 7.3% on Friday after striking a long-anticipated $934 million merger deal with peer Sapphire Foods </span><span>, creating a fast-food major poised to challenge market leader Jubilant Foodworks.</span></p><p><span>The stock was trading at 158.14 rupees as of 9:17 a.m. IST and was set for best day since August 2025. </span></p></div></div>

<p>India's KFC and Pizza Hut operator Devyani International climbed 7.3% on Friday after striking a long-anticipated $934 million merger deal with peer Sapphire Foods , creating a fast-food major poised to challenge market leader Jubilant Foodworks.The stock was trading at 158.14 rupees as of 9:17 a.m. IST and was set for best day since August 2025.</p>

Indian KFC, Pizza Hut operator Devyani rises after $934 mln merger with peer Sapphire foods