Devyani International Shares Surge 8% on Merger News; Sapphire Foods Slip 3.75%
January 2, 2026January 2, 2026 Shares of Devyani International Ltd surged 8% on 2nd January, while Sapphire Foods India Ltd fell 3.75%. This occurred after the long-anticipated merger of Yum Brands’ India franchisees was officially announced. Notably, Sapphire Foods’ board has approved its amalgamation with Devyani International. Under the…