Under the proposed transaction, LongRange Capital will acquire Pizza Hut's global business for roughly $1.5 billion, while Yum China will purchase the brand's mainland China operations for approximately $1.2 billion. Sapphire Foods and Devyani shares fell after Pizza Hut sale newsYum Brands selling Pizza Hut to LongRange Capital for $1.5BYum to focus on Taco Bell and KFC after Pizza Hut divestmentDid our AI summary help? Shares of Pizza Hut franchise operators Sapphire Foods India Ltd and Devyani International Ltd traded lower on Wednesday after Yum Brands announced plans to sell the global pizza chain to private equity firm LongRange Capital...