Devyani International, Sapphire Foods revise proposed merger scheme

•Devyani International and Sapphire Foods India revise their proposed merger scheme.

•SFML, a Sapphire Foods India promoter, will join the merger as a shareholder after its planned 18.5% stake sale was terminated.

•SFML will participate in the merger on the same terms as other Sapphire Foods India shareholders.

•The merger terms, including a 177:100 share swap, remain unchanged.