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Devyani International, a food arm of RJ Corp, has major expansion plans in India. It will open 150 to 160 new restaurants this year for brands including Pizza Hut, Costa Coffee and KFC.
The restaurants and franchising operations fused under Devyani International already have more than 200 food and beverage outlets throughout the country.
According to Franchise India, Devyani, the international franchise holder for Pizza Hut and KFC with exclusive franchise rights for the UK-based coffee chain Costa Coffee, is going the IPO route. It expects funds raised to also support expanding RJ Corp-owned KFC stores in Africa.
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