News ArticleSapphire Foods India Secures Competition Commission Approval for Merger with Devyani International
CCI grants approval on 30th October 2026 for the proposed Scheme of Arrangement under Sections 230-232 of the Companies Act
Sapphire Foods India Limited has received approval from the Competition Commission of India for its proposed merger with Devyani International Limited. This approval under the Competition Act, 2002, allows the companies to proceed with the Scheme of Arrangement combining their operations, pending the final order from the Commission.
Sapphire Foods India Limited
Acquisition / Amalgamation / Merger / Demerger
Sapphire Foods India Limited announced that the Competition Commission of India has approved its proposed merger with Devyani International Limited under the Competition Act, 2002, enabling the companies to advance their Scheme of Arrangement.
The approval was communicated by CCI on 30th October 2026 following a joint application filed by both companies on 10th September 2026.
The merger is intended to be conducted pursuant to Sections 230 to 232 of the Companies Act, 2013, as per the Amended Scheme of Arrangement previously approved by Sapphire Foods on 26th August 2026.
The detailed final order from the Competition Commission of India is awaited, and no further financial or operational details were disclosed in the filing.
This merger represents a significant regulatory milestone facilitating the combination of Sapphire Foods India Limited and Devyani International Limited and their respective shareholders under the approved Scheme.
Highlights
- Competition Commission of India approved the merger on 30th October 2026.
- Merger registered under Combination Regulation No. C-2026/09/1467.
- Joint application filed on 10th September 2026 by Sapphire Foods India Limited and Devyani International Limited.
- Scheme of Arrangement approved by Sapphire Foods board on 26th August 2026.
- Final detailed CCI order is awaited.
Key Data Snapshot
What happened
- Sapphire Foods India Limited and Devyani International Limited submitted a joint merger application to the Competition Commission of India on 10th September 2026.
- The Competition Commission of India approved the proposed merger on 30th October 2026.
- The merger will be executed under the Scheme of Arrangement as approved by the Sapphire Foods board in August 2026.
Regulatory and governance context
- The merger approval was granted under the Competition Act, 2002 and related regulations.
- The approval is subject to a final detailed order from the Competition Commission of India.
- The Scheme of Arrangement is pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Highlights
- Competition Commission of India approved the merger on 30th October 2026.
- Merger registered under Combination Regulation No. C-2026/09/1467.
- Joint application filed on 10th September 2026 by Sapphire Foods India Limited and Devyani International Limited.
- Scheme of Arrangement approved by Sapphire Foods board on 26th August 2026.
- Final detailed CCI order is awaited.
Disclosures
- Competition Act, 2002
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Competition Commission of India (Combinations) Regulations, 2024
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