Pizza Hut News

The IPO received bids for 6,39,45,000 shares against 96,63,468 shares on offer. Sapphire Foods is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. Sapphire Foods owns and operates KFC, Pizza Hut and Taco Bell restaurants in India, Maldives and Sri Lanka.

The IPO is expected to fetch Rs 1,500-2,000 crore. AAJV Investment Trust will sell 80,169 shares. Edelweiss Crossover Opportunities Fund will offload 16.15 lakh shares.

Pizza Hut considers India to be one of its most important markets and plans to double its store count to over 700 in the next five years, riding the wave of growing popularity of western fast-food in the country, a senior company executive said.

While PV Sindhu became India's first shuttler to bag a silver medal at the mega event, Sakshi Malik became India's first woman wrestler to clinch a medal at the biggest sporting extravaganza.

In a latest move, American restaurant chain Pizza Hut has announced the opening of a new social ordering platform "chatbot", which will allow conservational ordering of pizzas and other items on Twitter and Facebook Messenger.

Pizza Hut has announced a new social ordering platform or "chatbot" which will allow conversational ordering of pizzas and other menu items on Facebook Messenger and Twitter.

Nepal's four KFC and Pizza Hut restaurants, the only international fast-food chains in the country have been shut down indefinitely following a dispute between the management and the local staff over long working hours.

Yum Brands Inc , owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and that the division would finish the year strong.