India: McDonald’s buys out Vikram Bakshi, ends six-year-long dispute

India: McDonald’s buys out Vikram Bakshi, ends six-year-long dispute

People walk past the entrance to a McDonald's restaurant in Shanghai, China, July 30, 2015. BRANDS/MCDONALDS REUTERS/Aly Song

Ending a six-year-long dispute between McDonald’s Corp. and its estranged India partner Vikram Bakshi, the local unit of the US fast-food chain on Thursday said it has bought out Bakshi’s 50% stake in their joint venture Connaught Plaza Restaurants Ltd (CPRL).

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