Sapphire Foods India gets CCI nod for merger with Devyani International
Sapphire Foods India Limited has received approval from the Competition Commission of India (CCI) for its proposed merger with Devyani International Limited (DIL). The CCI's approval, dated October 30, 2026, was granted under the Competition Act, 2002. This follows earlier filings by both companies with the CCI on September 10, 2026, and the Board of Directors' approval of the Amended Scheme of Arrangement on August 26, 2026. The detailed order from the CCI is still awaited. This merger is a significant step in the corporate restructuring plans of both entities.
Key Highlights
- CCI has approved the merger of Sapphire Foods India with Devyani International.
- The approval was granted on October 30, 2026, under the Competition Act, 2002.
- The merger scheme was previously approved by the Board of Directors.
- Detailed CCI order is expected.
- This is a significant step in the companies' corporate restructuring.
Price Impact
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