KFC franchise operator Devyani Intl acquires controlling stake in Thailand co

Publicly-listed Devyani International, along with Singaporean investor Temasek, has acquired a controlling stake in Thailand-based Restaurants Development Co in a deal worth USD 128.9 million. The target company runs 274 KFC outlets in Thailand and employs more than 4,500. The acquisition will add to Devyani's 500 KFC outlets in India, Nepal and Nigeria.