Papa John's return coincides with expected recovery in India's discretionary spending after recent tax cuts, following several quarters of weak fast-food demand
Papa John's exited India in 2017 saying its restaurants were not able to meet the expectations of the brand and the franchisee
Shares of Papa John's gained 11% in premarket trading
A special committee formed by Papa John's board of directors is exploring a sale as part of a wide review of strategic alternatives
The company currently has 70 outlets in the country; it would also be raising funds