The board of Devyani International has approved a Scheme of Arrangement involving Sapphire Foods India Ltd. Pursuant to the Scheme, with effect from the Appointed Date (defined in the Scheme as opening hours of April 1, 2026), Sapphire Foods will amalgamate with Devyani International. Upon the Scheme becoming effective and in consideration of the amalgamation, Devyani International will issue and allot 177 shares for every 100 shares of Sapphire.NLC India has transferred its seven Renewable Energy Assets to ...