Devyani International and Sapphire Foods Stocks Surge Following Merger Approval
Shares of major quick-service restaurant operators Devyani International and Sapphire Foods surged by as much as 7% on Wednesday after the Bombay Stock Exchange (BSE) granted a ‘no-objection’ certificate for their proposed merger. This regulatory milestone allows both companies to proceed with filing the merger scheme before the National Company Law Tribunal (NCLT), marking a…
