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McD strikes out-of-court settlement with Bakshi

US fast food chain McDonald's on Thursday said it has reached an out-of-court settlement with estranged partner Vikram Bakshi. Connaught Plaza Restaurants Pvt Ltd is now wholly owned by McDonald's India Pvt Ltd and its affiliate (McDonald's Global Markets LLC), following the completion of a settlement reached with Bakshi, the company said in a statement.

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