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Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ) has issued an announcement.
Sapphire Foods India Limited has notified the stock exchanges that it has released an investor presentation detailing the proposed merger of Sapphire Foods India Limited with and into Devyani International Limited, and has made the materials available on its investor relations website. The disclosure, made under securities listing regulations, signals a significant consolidation move in the quick-service restaurant space, with potential implications for the combined entity’s scale, brand portfolio, and positioning in the competitive Indian food services industry.
More about Sapphire Foods India Ltd.
Sapphire Foods India Limited operates in the quick-service restaurant sector in India, running franchised outlets of major global fast-food brands and focusing on the country’s growing organized food services market.
Average Trading Volume: 26,223
Technical Sentiment Signal: Sell
Current Market Cap: 79.38B INR
Learn more about SAPPHIRE stock on TipRanks’ Stock Analysis page.