Devyani International updates merger scheme and shareholding post SPA termination
Devyani International · Leisure Services
Key highlights
- Merger scheme approved on Jan 1, 2026, involving Sapphire Foods India Ltd (Transferor) and Devyani International Ltd (Transferee) with share exchange ratio of 177 shares of Re 1 each for every 100 shares of Rs 2 each.
- Secondary Sale Transaction of 5,94,55,837 Transferor Company shares by SFML to Arctic terminated by mutual agreement as of August 26, 2026; amended scheme approved removing this as a condition precedent.
- Post-scheme shareholding revised: Promoter/Promoter Group from 61.37% pre-scheme to 41.99% post-scheme; Public from 38.63% pre-scheme to 58.01% post-scheme; total shares increasing from 1,23,28,72,291 to 1,80,17,20,032.
Why it's rated notable: The board approved an amended merger scheme with Sapphire Foods India Limited after termination of the share purchase agreement, but the filing states no transaction value and the scheme remains subject to approvals.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Devyani International
- Acquisition / mergerMajor developmentDevyani International Q2 FY2027 results: revenue up 10.4% YoY, CCI approval for merger
- Acquisition / mergerNotableDevyani International receives CCI approval for merger with Sapphire Foods India
- OtherNotableDevyani International and Sapphire Foods receive stock exchange observation letters for merger scheme
- Financial resultsNotableDevyani International Limited announces audited standalone and consolidated results FY 2026
- Financial resultsMajor development· Adverse for the businessDevyani International Limited announces audited financial results for FY 2025-26
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.