As part of the merger, Sapphire Foods will merge into Devyani International through a share-swap mechanism. Devyani ...

Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale ...

As KFC and Pizza Hut struggle with slowing sales and thinning margins, franchisees Devyani International and Sapphire Foods ...

If you own 100 shares of Sapphire Foods on the record date, here's what you will receive as a retail investor, 177 shares of ...

Shares in the world’s most valuable auto company soared in the second half, largely on the basis of its chief executive ...

India’s quick-service restaurant (QSR) sector is bracing for a major shake-up as Sapphire Foods and Devyani International, ...

There is no capital gains tax at the time of the merger. Tax will apply only when the Devyani International shares received in exchange for Sapphire Foods shares are eventually sold, based on the ...

RJ Corp, is backing the merger of Devyani International and Sapphire Foods, creating a powerful nationwide network for KFC ...

Business synergies aside, there is another common factor that connects both Devyani International and Sapphire Foods - both are very tightly held companies, with a very small retail investor base.

Devyani International is the largest franchisee of Yum Brands' QSR chains, KFC and Pizza Hut, apart from being the sole ...