ImportantAgreements
Sapphire Foods will merge into Devyani International.
Sapphire Foods India LimitedSAPPHIRE · Filed with the exchange
Sapphire shareholders receive 177 DIL shares (₹1 FV) for 100 Sapphire shares (₹2 FV). This consolidates KFC/Pizza Hut operations, boosting scale and efficiency.
A secondary sale of 5.94 Cr Sapphire shares to Arctic was also approved, with Yum!
Brands approving the merger.
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