Devyani International shares zoom 8% after mega merger announcement with Sapphire Foods

January 2, 2026

Exciting developments are afoot as Devyani International announces a strategic merger with Sapphire Foods India, set to establish the largest Yum! Brands franchisee in the country. The newly formed entity will manage an extensive array of KFC and Pizza Hut outlets, providing shareholders of Sapphire Foods with shares in Devyani International.

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