AAA ICICI snacks on Devyani

ICICI snacks on Devyani

ICICI Venture, a venture subsidiary of India-based ICICI Bank, has acquired a 10% stake in Indian food and beverage chain operator Devyani International reportedly for about $55.6m.

Devyani runs KFC, Pizza Hut and Costa Coffee franchises in India (and recently in Nepal, pictured,) and news provider Economic Times said it planned to float by 2013, although these plans had been mooted five years earlier.

Leave a comment

Your email address will not be published. Required fields are marked *