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Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ) just unveiled an announcement.
Devyani International Limited and Sapphire Foods India Limited have approved a scheme of arrangement to merge Sapphire Foods into Devyani through a share-swap transaction, creating a single unified Yum! Brands franchisee for KFC and Pizza Hut in India. Subject to multiple regulatory, statutory, and stakeholder approvals expected to take 12–15 months, the deal will make Devyani one of the largest QSR operators in the country, with strategic priorities centred on accelerating KFC expansion, revitalising Pizza Hut for sustainable growth, and scaling Devyani’s emerging brands portfolio, underpinned by Yum! Brands’ approval of the consolidation and agreed commercial terms.
More about Sapphire Foods India Ltd.
Sapphire Foods India Limited operates in the quick-service restaurant (QSR) industry as a major franchisee of Yum! Brands in India, primarily running KFC and Pizza Hut outlets. The company focuses on scaling its restaurant network and improving profitability in the fast-growing Indian QSR market.
Average Trading Volume: 26,223
Technical Sentiment Signal: Sell
Current Market Cap: 79.38B INR
For detailed information about SAPPHIRE stock, go to TipRanks’ Stock Analysis page.