Devyani International Limited has filed a joint application with Sapphire Foods India Limited to the Competition Commission of India. This action is a crucial step in the ongoing process for the proposed merger of Sapphire Foods India into Devyani International. The filing aligns with the ‘Scheme’ previously approved by the Board of Directors, aiming to consolidate operations and enhance market position.
Merger Process Advances with Regulatory Filing
Devyani International Limited has taken a significant step forward in its proposed merger with Sapphire Foods India Limited. The company announced that a joint application has been filed with the Competition Commission of India. This filing is in accordance with the ‘Scheme of Arrangement’ that was previously approved by the Board of Directors of Devyani International on August 26, 2026.
Key Details of the Filing
The joint application concerns the proposed merger of Sapphire Foods India Limited with and into Devyani International Limited. This action is a part of the necessary regulatory approval process required to complete the consolidation. The filing is made under the provisions of the Competition Act, 2002, and is a critical component of the overall ‘Scheme’ which is governed by Sections 230 to 232 of the Companies Act, 2013.
This regulatory filing signifies progress in the consolidation strategy, aiming to leverage synergies and strengthen the combined entity’s market presence in the food services industry.
Source: BSE
