Analysts bullish on Devyani after Sapphire Foods merger approval

Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics ...

Devyani Intl shares jump 8%, Sapphire Foods down 6% on merger deal; JM Financial sees up to 45% upside in combined m-cap

A shareholder owning 100 shares of Sapphire Foods as on the record date will get 177 shares of Devyani International after the conclusion of the merger.

Mint Explainer: Why are KFC and Pizza Hut franchisees Devyani and Sapphire coming together?

As KFC and Pizza Hut struggle with slowing sales and thinning margins, franchisees Devyani International and Sapphire Foods are merging. What’s driving the deal, how will they benefit, and what does ...
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Devyani-Sapphire Merger To Create India's Largest F&B Firm, Turnover Pegged At Rs 8,000 Crore

The entity will have a turnover of around Rs 8,000 crore. After the merger, the entity will cross a billion dollar in ...

'DIL-Sapphire Foods merged entity to cross $1 billion annual revenue'

The merged entity will have more than 3,000 stores globally and a turnover of approximately Rs 8,000 crore on an annualised ...