Devyani International Acquisition
Devyani International Limited and Sapphire Foods India Limited have filed a joint application with the Competition Commission of India for their proposed merger.
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Devyani International Limited and Sapphire Foods India Limited have filed a joint application with the Competition Commission of India for their proposed merger.
Devyani International updated the Exchange on its ongoing merger with Sapphire Foods. The previously planned share sale between SFML and Arctic was terminated by mutual consent.
Nippon India Mutual Fund acquired 949,925 shares (0.077%) of Devyani International via open market. Post-acquisition holding stands at 7.06%.
Devyani International received NSE and BSE observation letters with no objection for its scheme of arrangement with Sapphire Foods India. The scheme now requires shareholder, creditor, and regulatory approvals before NCLT filing.