{"id":225161,"date":"2020-02-04T10:30:52","date_gmt":"2020-02-04T05:00:52","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=225161"},"modified":"2020-02-05T20:50:19","modified_gmt":"2020-02-05T15:20:19","slug":"cci-approves-proposed-combination-between-yum-restaurants-and-devyani-international-ltd","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/04\/cci-approves-proposed-combination-between-yum-restaurants-and-devyani-international-ltd\/","title":{"rendered":"CCI approves proposed combination between Yum Restaurants and Devyani International Ltd."},"content":{"rendered":"

The Competition Commission of India (CCI) approves the proposed combination between Yum Restaurants (India) Private Limited (YRIPL) and Devyani International Limited (DIL) involving acquisition of certain\u00a0 equity shareholding and sale of certain KFC restaurants.<\/p>\n

YRIPL is a private limited company incorporated in India and is a part of Yum! Brands Inc,-a USA based entity. It is stated that in India YRIPL runs restaurants under three Brands i.e. KFC, Pizza Hut and Taco Bell.<\/p>\n

DIL is a public company incorporated in India. It is stated to be present in QSR segment in India and is one of the franchisees of YRIPL. Further, as a franchisee, it runs, maintains and operates KFC and Pizza Hut\/Pizza Hut Delivery restaurants in certain territories of India.<\/p>\n

The CCI approved the proposed combination under Section 31(1) of the Act.<\/p>\n

\n

Ministry of Corporate Affairs<\/strong><\/p>\n

[Press Release dt. 03-02-2020]<\/p>\n

[Source: PIB]<\/p>\n","protected":false},"excerpt":{"rendered":"

The Competition Commission of India (CCI) approves the proposed combination between Yum Restaurants (India) Private Limited (YRIPL) and Devyani International Limited (DIL) <\/p>\n","protected":false},"author":8808,"featured_media":76441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[5461,37911,39472,39471],"class_list":["post-225161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-cci","tag-combination","tag-devyani-international-ltd","tag-yum-restaurants"],"yoast_head":"\nCCI approves proposed combination between Yum Restaurants and Devyani International Ltd. | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The proposed combination envisages acquisition of approximately 9.99% stake in Jio Platforms Limited (Jio Platforms)by Jaadhu Holdings\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":221611,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/31\/cci-approves-acquisition-of-shareholding-in-ani-technologies-p-ltd-ola-electric-mobility-p-ltd-by-hyundai-motor-co-kia-motors-corpn-under-s-311-of-competition-act-2002\/","url_meta":{"origin":225161,"position":5},"title":"CCI approves acquisition of shareholding in ANI Technologies (P) Ltd. & Ola Electric Mobility (P) Ltd. by Hyundai Motor Co. & Kia Motors Corpn. under S. 31(1) of Competition Act, 2002","author":"Bhumika Indulia","date":"October 31, 2019","format":false,"excerpt":"The Proposed Combination relates to acquisition of equity stake in ANI and Ola Electric Mobility (OEM) by Hyundai Motor Company (HMC) and Kia Motors Corporation (KMC). 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