Devyani-Sapphire merger clears NSE, BSE hurdle; Yum Brands India franchisees move toward consolidation
Devyani International received no-objection observation letters from NSE and BSE for its proposed scheme of arrangement with Sapphire Foods, advancing a landmark QSR consolidation between two major Yum Brands franchisees in India. Deal still pending regulatory approvals.
Devyani International received no-objection observation letters from NSE and BSE for its proposed scheme of arrangement with Sapphire Foods, advancing a potential QSR consolidation between two major Yum Brands franchisees in India, pending regulatory approvals.