Corporate Action15 Jun 2026, 06:00 pm
Devyani International: Scheme of Arrangement Gets NSE/BSE No Objection
AI Summary
Devyani International Ltd has received observation letters with 'no objection' from NSE and 'no adverse observations' from BSE regarding its Scheme of Arrangement. This follows an earlier board approval, subject to statutory and regulatory approvals. The company has also received comments from SEBI on the draft scheme, which include compliance with specific regulations, disclosure of ongoing proceedings, obtaining CCI approval before filing with NCLT, and ensuring financial data is not older than six months. The scheme remains subject to approvals from shareholders, creditors, and relevant authorities.
Key Highlights
- NSE and BSE have issued 'no objection' letters for the Scheme of Arrangement.
- SEBI has provided comments on the draft scheme, requiring compliance and disclosures.
- Competition Commission of India (CCI) approval is mandatory before NCLT filing.
- Scheme is subject to approvals from shareholders, creditors, and regulatory bodies.
Price Impact
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