Devyani International receives CCI approval for Sapphire Foods India merger
Devyani International Limited has received approval from the Competition Commission of India (CCI) for the proposed merger of Sapphire Foods India Limited (SFIL) with Devyani International. The CCI conveyed its approval on October 30, 2026. This follows board approval on August 26, 2026, and a joint application to CCI on September 10, 2026.
The merger of Sapphire Foods India Limited into Devyani International Limited is a significant corporate action that will likely have a substantial impact on the company's structure, operations, and market position.
The approval from the Competition Commission of India for the merger is a significant positive development for the company, paving the way for the integration of Sapphire Foods India.
Devyani International Limited (Company) has received approval from the Competition Commission of India (CCI) for the proposed Scheme of Arrangement involving the merger of Sapphire Foods India Limited (SFIL) with and into Devyani International Limited.
The CCI conveyed its approval via a letter dated October 30, 2026, under the Competition Act, 2002. The detailed order from the CCI is still awaited.
This development follows earlier intimations regarding the Scheme of Arrangement, which was approved by Devyani International's Board of Directors on August 26, 2026. A joint application for the merger was subsequently filed with the CCI on September 10, 2026.
What to do with a filing like this
Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Devyani International Limited. Read the original for the full detail.