Shares of Devyani International and Sapphire Foods jumped up to 7% on June 16 after receiving BSE's observation letter, advancing their proposed merger process.
The companies will now approach NCLT for merger approval
Jun 16, 2026
12:57 pm
What's the storyShares of Devyani International and Sapphire Foods have jumped up to 7% today.
The spike comes after the Bombay Stock Exchange (BSE) issued an observation letter with no adverse observations on their merger proposal.
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