McDonald's, Domino's seek equity toppings.

Economic Times (New Delhi, India), October, 2006

Oct. 26--NEW DELHI -- After Cafe Coffee Day and Nirula's, it is now the turn of Yum! Restaurants, and Yo! China who are looking for private equity (PE) investors.

It is learnt that even Hard Castle -- the franchisee for the western and southern regions of McDonald's, and Domino's in India -- is keen on a private equity placement. Sources in the industry say that while both Pizza Hut and McDonald's are looking at raising Rs 150-200 crore for their expansion, Yo! China is looking at raising Rs 50 crore through the PE route.

Companies however appear tight-lipped about their plans. When contacted, Arvind Mehdiretta, marketing manager, Pizza Hut, told ET, "We can't comment on this now." Ashish Kapur, MD, Yo! China, said: "We would be open to private...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.