Devyani International, Sapphire Foods file joint CCI merger application
- Devyani International and Sapphire Foods India filed a joint merger application with the Competition Commission of India on September 10, 2026
- The filing relates to the proposed merger of Sapphire Foods into Devyani International under an Amended Scheme of Arrangement
- The scheme was approved by the boards of both companies on August 26, 2026, under Sections 230 to 232 of the Companies Act, 2013
- The application was made under the Competition Act, 2002 as part of the required regulatory approval process
*this image is generated using AI for illustrative purposes only.
Devyani International and Sapphire Foods India Limited filed a joint application with the Competition Commission of India on September 10, 2026. The filing is part of the regulatory approval process for the proposed merger of Sapphire Foods into Devyani International.
The companies submitted the application under the Competition Act, 2002, in connection with the Amended Scheme of Arrangement. This scheme involves both entities and their respective shareholders.
Regulatory Context
The filing follows a board meeting held on August 26, 2026, where directors approved the amended scheme pursuant to Sections 230 to 232 of the Companies Act, 2013. Devyani International had previously intimated this approval to exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The current submission to the Competition Commission represents the next mandatory step in securing regulatory clearances for the transaction to proceed.
Historical Stock Returns for Devyani International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.52% | +3.46% | -2.11% | +30.38% | -21.46% | +21.43% |
How might the merged entity's increased market share impact pricing power and competition in the Indian quick-service restaurant sector?
What is the estimated timeline for the Competition Commission of India to review and approve this joint application?
How will the integration of Sapphire Foods' supply chain with Devyani International's operational framework affect cost synergies and margins?
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