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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).
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 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).
Asian Paints, Devyani among top picks as consumption demand improves: Nuvama
Abneesh Roy, Executive Director of Nuvama Institutional Equities expects FY27 to be a stronger year for consumer-facing sectors as companies regain pricing power, competition in paints turns more disciplined and discretionary demand gradually improves across categories.
Small & midcaps tumble! Hindustan Copper, Devyani, PI Industries, other stocks fall up to 7%
Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment. Several stocks across sectors declined sharply after earnings and valuation concerns, while rising inflationary pressures fuelled worries over possible earnings downgrades for Q1FY27.
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.
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.
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.