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Devyani International Ltd. ( (IN:DEVYANI) ) has issued an update.
Devyani International Limited and Sapphire Foods India Limited have approved a merger plan under which Sapphire will be merged into Devyani through a share-swap arrangement, with Sapphire shareholders receiving 177 Devyani shares for every 100 Sapphire shares held. The combined business, backed by Yum! Brands’ approval for the consolidation, is expected to become one of India’s largest QSR operators, enabling greater scale, faster growth and improved profitability while prioritising accelerated KFC expansion, the long-term revitalisation of Pizza Hut and scaled growth of Devyani’s emerging brands portfolio; the transaction also involves a group company, Arctic International, acquiring around 18.5% of Sapphire’s equity from existing promoters, with an option to bring in a financial investor, and the merger is targeted to become effective after securing regulatory, shareholder and creditor approvals over an estimated 12–15 month timeline.
More about Devyani International Ltd.
Devyani International Limited is a major Indian quick-service restaurant (QSR) operator and Yum! Brands franchisee, with a portfolio that includes leading global restaurant brands such as KFC and Pizza Hut. The company focuses on rapid network expansion and brand development across India, leveraging the country’s growing consumer demand for organized, branded dining formats.
Average Trading Volume: 189,105
Technical Sentiment Signal: Sell
Current Market Cap: 175.6B INR
Find detailed analytics on DEVYANI stock on TipRanks’ Stock Analysis page.