Announced Mon, 15 Jun · 17:44 IST
NSE/BSE clear Devyani-Sapphire Foods merger scheme
DEVYANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹111.83
prior close
₹113.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.6+1.9+2.2+2.8+1.3+3.3+4.6+4.6+3.7+0.7+0.5-1.4——
Up moveDown movePending
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.