McDonald’s sells China business in deal worth ₹14,100 crore
Fast food major McDonald's has agreed to sell a controlling stake in its China and Hong Kong operations to a group of investors in a deal valuing the business at $2.08 billion (over ₹14,000 crore). China-based Citic and Citic Capital Holdings, and US-based Carlyle will acquire an 80% holding and plan to add over 1,500 restaurants in smaller Chinese cities. 