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The Economic Times
The Economic Times
Ritesh Presswala

Devyani International shares rally 4% after revision in Sapphire Foods merger plan

Devyani International Sapphire Foods India

Shares of Devyani International jumped as much as 4.02% to Rs 155.36 during Thursday’s trading session after the company announced a key update to its proposed merger with Sapphire Foods India.

The company said the Scheme of Arrangement between Devyani International and Sapphire Foods India remains on track, while the proposed secondary sale of shares by Sapphire Foods Mauritius and Arctic International has been mutually called off.

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