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DEVYANINSEDevyani International Limited· Leisure ServicesHighNeutral
Announced Mon, 15 Jun, 2026 · 17:44 IST

NSE/BSE clear Devyani-Sapphire Foods merger scheme

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing

DEVYANI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.4%Reaction day
₹111.83
prior close
₹113.99
announcement price
After-mkt
timing
Nifty Smallcap 250market+0.4%+1.0% vs market
Restaurants peers, median of 11sector-1.3%+2.7% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 2.7 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+4.6
10m
+1.9
15m
+2.2
30m
+2.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.4+0.4+1.0-1.3+2.7
Next day
+1.3+1.2+0.2-0.0+1.4
2d
+3.3+1.8+1.4+0.2+3.0
3d
+4.6+2.4+2.2+1.7+2.9
4d
+4.6+3.2+1.4+2.6+2.0
5d
+3.7+2.6+1.1+2.0+1.8
1w
+0.7+2.4-1.7+1.5-0.8
15d
+0.5+1.8-1.2+1.5-1.0
1m
-1.4+4.7-6.2-0.2-1.2
2m
+28.2+5.9+22.3+23.8+4.4
3m
+22.2+3.3+18.9+16.8+5.4
UpDownMarket · Nifty Smallcap 250Sector · Restaurants peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Devyani International received 'no objection' from NSE and 'no adverse observations' from BSE for its proposed Scheme of Arrangement to merge with Sapphire Foods India (Transferor) into Devyani (Transferee), under Sections 230-232 of the Companies Act, 2013. Board had approved this on Jan 1, 2026. Next step: file the scheme with NCLT within 6 months (validity till Dec 12, 2026), subject to Competition Commission of India approval, plus shareholder and creditor votes.

Likely market impact

Positive regulatory milestone. Merger now needs NCLT, CCI, and shareholder/creditor approvals before completion. Could consolidate QSR market position.