Sapphire Foods India Limited has received approval from the Competition Commission of India (CCI) for its proposed merger with Devyani International Limited. The CCI granted approval vide its letter dated 30th October 2026 for the proposed combination under the Competition Act, 2002 read with the Regulations made thereunder, specifically approving the merger of Sapphire Foods India Limited into Devyani International Limited as contemplated under the Scheme of Arrangement.
The approval follows a joint application filed by both companies with the CCI on 10th September 2026 under sub-section (2) of Section 6 of the Competition Act, 2002, which was registered under Combination Registration No. C-2026/09/1467.
The Scheme of Arrangement was previously approved by the Board of Directors of Sapphire Foods India Limited at its meeting held on 26th August 2026, and the company had made requisite disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 at that time.
The detailed order of the CCI in this regard is still awaited and will follow separately. This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations.
The communication from CCI was addressed to Mr. Manish Dawar of Devyani International Limited and Mr. Sanjay Purohit of Sapphire Foods India Limited, and was signed by the Advisor (Combination Division) of the Competition Commission of India.