Merger10 Sept 2026, 06:40 pm
Devyani International, Sapphire Foods File Joint CCI Application for Merger
AI Summary
Devyani International Ltd and Sapphire Foods India Limited have jointly filed an application with the Competition Commission of India (CCI). This filing is a step in the regulatory approval process for their proposed merger, as outlined in the Amended Scheme of Arrangement approved by their respective Boards on August 26, 2026. The merger, which involves Sapphire Foods India Limited merging with and into Devyani International Limited, is proceeding under the Companies Act, 2013.
Key Highlights
- Joint application filed with CCI for proposed merger.
- Merger involves Sapphire Foods India Limited and Devyani International.
- Filing is part of the regulatory approval process.
- Scheme of Arrangement approved by the Board on August 26, 2026.
Price Impact
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