Devyani International Shares Jump 8% Amid Merger News; Sapphire Foods Falls 6%
On January 2, 2026, Devyani International shares jumped nearly 8%, while Sapphire Foods dropped sharply. The cause: a major merger that will reshape India’s quick-service restaurant (QSR) sector. The move signals investors’ optimism about growth and profitability for the new combined company.
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