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Devyani International merger scheme remains on track after share purchase agreement termination
26-Aug-2026, 08:36
Devyani International Limited informed the National Stock Exchange of India Ltd. and BSE Limited that Arctic International Private Limited has terminated a share purchase agreement with Sapphire Foods Mauritius Limited, a promoter group company of Devyani International, that would have involved the sale of 5,94,55,837 equity shares of Devyani International. The termination, reached by mutual agreement, will not impact the overall merger scheme between Devyani International and Sapphire Foods India Limited, which remains on track and will proceed as previously approved, with shareholders of Sapphire Foods India Limited receiving equity shares in Devyani International.