Article: India: RJ Corp co inks JV with GMR.

Ravi Jaipuria-owned Devyani International (DIL) has inked a 60:40 joint venture with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out.

The Rs 250-crore DIL, which is the Indian franchisee of global food retail chains Pizza Hut, KFC and coffee chain Costa Coffee, is also venturing into the restaurant retail chain space under its own brands.

It is setting up a nationwide chain of restaurants under three different brands Southern Spirit, Curry Republic and Oriental Cuisine. The portfolio expansion from serving international cuisine to local food is aimed at broadbasing our ...

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