KFC Division opened 997 gross new restaurants during the quarter, Taco Bell Division opened 253 gross new restaurants and Pizza Hut Division opened 571 gross new restaurants during the quarter.
According to the Yum! Brands website, this action builds on their decision to suspend all investment and restaurant development in Russia and redirect all profits from operations in Russia to humanitarian efforts.
The company operates restaurants across India, Nigeria and Nepal, and its newest Pizza Hut at Sion, Mumbai, is testament to DIL’s commitment to business growth across geographies.
The portion for Qualified Institutional Buyers (QIBs) was subscribed 7.50 times, while those for Retail Individual Investors (RIIs) 8.70 times and non institutional investors 3.46 times.