Sapphire Foods India Limited Receives CCI Approval for Merger with Devyani International Limited
Sapphire Foods India Limited has received approval from the Competition Commission of India (CCI) for its proposed merger with Devyani International Limited (DIL). The CCI communicated its approval on 30th October 2026. The detailed CCI order is awaited.
The merger of Sapphire Foods India Limited with Devyani International Limited is a significant corporate action that will lead to a larger entity, impacting market share, operations, and financial structure.
The approval from the Competition Commission of India for the merger is a positive development for Sapphire Foods India Limited, paving the way for the completion of the transaction.
Sapphire Foods India Limited has received approval from the Competition Commission of India (CCI) for the proposed merger with Devyani International Limited (DIL). This approval, intimated on 30th October 2026, is a significant step in the Scheme of Arrangement under which Sapphire Foods India Limited will merge with and into DIL.
The company had previously informed the stock exchanges about the Board of Directors' approval of the Amended Scheme of Arrangement on 26th August 2026. Subsequently, Sapphire Foods India Limited and DIL filed a joint application with the CCI on 10th September 2026, in connection with the proposed merger.
The CCI, in its letter dated 30th October 2026, has communicated its approval of the combination under the Competition Act, 2002. The detailed order from the CCI is still awaited.
What to do with a filing like this
Sapphire Foods India 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 Sapphire Foods India Limited. Read the original for the full detail.