Devyani International shares rally 4% after revision in Sapphire Foods merger plan
Devyani International witnessed an uptick on Thursday after the company said its merger with Sapphire Foods India remains on track, while a proposed secondary share sale involving Sapphire Foods Mauritius and Arctic International has been called off.
The share-swap ratio remains unchanged, but the revised deal alters the expected post-merger promoter holding.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
