Overview
- Devyani will issue 177 shares for every 100 Sapphire shares under the approved merger scheme.
- The combined company would operate more than 3,000 KFC and Pizza Hut outlets and hold exclusive franchise rights for both brands across India.
- The appointed date for the amalgamation is April 1, 2026, with required filings to stock exchanges and reviews by the CCI and NCLT.
- Ownership will consolidate under RJ Corp as Arctic International acquires about 18.5% of Sapphire, with the Jaipuria family projected to hold roughly 47.83% of the merged entity.
- Management forecasts annual synergies of Rs 210–225 crore from the second full year after closing, following recent quarterly net losses reported by both companies.