Devyani International to acquire a 51% stake in Restaurants Development for $129m.

Devyani International, an Indian quick-service restaurants operator, to acquire a 51% stake in Restaurants Development, operator of KFC restaurants across Thailand, for $129m. "Thailand is a strong poultry market in its basket of meat consumption and we believe there is an opportunity available for the market to grow even further. In its pursuit of entering new geographies and simultaneously deepen its presence in existing locations, DIL is committed not only towards expansion of its footprint in Thailand but also ensuring and elevating the consumer’s experience in the Thai market and serving local communities," Devyani International