Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Varun Beverages' Kenya arm to acquire DFIL Kenya's dairy, juice and packaged water business for $32 million
Varun Beverages (VBL) has announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) (DFIL Kenya).
Stock Alert: Trent, Titan Company, Varun beverages, Cochin Shipyard
Varun Beverages wholly owned subsidiary, VBL Industries (Kenya) has entered into an agreement to acquire dairy beverages, juices and packaged drinking water of Devyani Food Industries (Kenya) for total consideration of $32 million (Rs 305 crore).
Varun Beverages subsidiary signs ₹305 crore deal to acquire Devyani Food Industries Kenya Assets - Upstox
Varun Beverages subsidiary signs ₹305 crore deal to acquire Devyani Food Industries Kenya AssetsUpstox
Varun Beverages' arm to acquire Devyani Food Industries Kenya business for $32 million
Shares of Varun Beverages Ltd ended at ₹495.70, down by ₹19.45, or 3.78%, on the BSE.
Devyani International, Sapphire Foods rally up to 9% on merger approval
Devyani International and Sapphire Foods merger will take place through a share-swap mechanism. Under the share swap ratio, 177 shares of DIL will be issued for every 100 shares of Sapphire Foods.
Devyani International, Sapphire Foods shares rise up to 7% after exchange nod for merger
BSE said it has no adverse observations on the proposed scheme from the perspective of listing regulations, enabling the companies to file the merger proposal before the National Company Law Tribunal (NCLT).
KFC, McDonald's Over Domino's: Macquarie Picks Devyani, Sapphire But Cuts Jubilant Target
Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld.
Q4 Results Today: Cochin Shipyard, Godfrey Phillips, ITC Hotels, Premier Energies, NCC, SJVN, Tata Steel And More
Power Grid Corporation of India, NHPC, SAIL and Devyani International are among the companies that will declare earnings on May 15.
Sapphire Foods bets on KFC value meals to drive traffic amid weak demand
Sapphire Foods is pivoting to a permanent value-pricing model for KFC to stimulate transaction growth amid a sluggish consumer environment. The strategy precedes a merger with Devyani International, aimed at consolidating India’s QSR market and capturing operational synergy.
Sapphire Foods down 1%, Devyani International sheds 1.4% after Yum Brands announces Pizza Hut sale
The two companies are among Pizza Hut's largest franchise partners in India
Devyani Intl, Sapphire Foods shares rise up to 9% on approval from NSE, BSE for merger
BSE and NSE clarified that their observations should not be construed as approval of the merger and do not amount to certification of the financial soundness of the scheme or the accuracy of statements made by the companies.
Stocks to Watch Today: HCL Tech, General Insurance Corp, Dhanlaxmi Bank, Craftsman Automation, Devyani International, Sapphire Foods in focus on 16 June
Stocks to Watch, 16 Jun: Stocks like HCL Technologies, State Bank of India. Mahindra and Mahindra Financial Services, General Insurance Corporation of India, Craftsman Automation, Yes Bank, Dhanlaxmi Bank, and Indian Railway Catering and Tourism Corporation will also be in focus on June 16.