Sapphire Foods Clears Merger with Devyani, Restructuring and Yum Pact in Major QSR Shake-Up

Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ) just unveiled an update.

Sapphire Foods India Limited’s board has approved a scheme of arrangement to amalgamate the company with Devyani International Limited, under which Sapphire shareholders will receive 177 fully paid equity shares of Devyani for every 100 Sapphire shares held, subject to a series of statutory, regulatory and transactional conditions including competition, stock exchange and tribunal approvals, as well as a significant secondary sale of Sapphire shares by Sapphire Foods Mauritius Limited to Arctic International Private Limited or its financial investor designee. The board also cleared the execution of a binding term sheet with Yum group entities in the US and India, Devyani and related parties, and separately approved shifting Sapphire’s registered office from Maharashtra to Haryana with corresponding amendments to its Memorandum of Association, signalling a major consolidation and structural realignment in India’s QSR franchise ecosystem with implications for shareholders, creditors and business partners as the combined entity moves toward an integrated platform under Devyani’s umbrella.

More about Sapphire Foods India Ltd.

Sapphire Foods India Limited is a quick-service restaurant operator in India, serving as a major franchisee for Yum! Brands-owned concepts such as Pizza Hut, KFC and Taco Bell. The company focuses on the fast-growing QSR market across India and neighbouring regions, operating a large network of branded outlets targeting urban and semi-urban consumers.

Average Trading Volume: 26,223

Technical Sentiment Signal: Sell

Current Market Cap: 79.38B INR

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