Devyani International Gets NSE BSE No-Objection for Sapphire Merger

Devyani International received no-objection letters from NSE and BSE for its proposed merger with Sapphire Foods India. The scheme remains subject to NCLT and CCI approvals. Key conditions include disclosing an 18.5% secondary stake sale in Sapphire Foods and various promoter reclassifications before seeking final shareholder approval.