Devyani International Limited — Updates, 01-01-2026: Scheme of Arrangement

Devyani International plans to merge with Sapphire Foods, creating a larger QSR entity. DIL will issue 177 shares (Re. 1 each) for every 100 SFIL shares (Rs. 2 each). DIL also signed a deal to acquire 19 KFC stores from Yum India for ₹90 Cr, with an additional ₹320 Cr for merger and territory rights.