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.
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.
<iframe src="https://hindustansphere.com/embed/cluster/8eb00781f5c8878d2f25eb842b74bebf4ab52ea6" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Devyani International shares rally 4% after revision in Sapphire Foods merger plan"></iframe>
