Yum Brands in talks to facilitate merger of its two Indian partners, ET reports

(Reuters) -Yum Brands, which owns KFC and Pizza Hut, is in talks to facilitate a merger of its Indian franchisee partners Devyani International and Sapphire Foods, the Economic Times reported on Friday, citing sources. Shares of Sapphire Foods rose as much as 10.7% after the report, closing about 4% higher for the day. Devyani closed 3.5% higher. Most fast food franchisees across India have been