Sapphire Foods India Limited
ICICI Prudential Life Insurance increased its stake in Sapphire Foods India Limited from 1.52% to 1.82%, raising its shareholding from 4,880,102 to 5,865,082 shares. The additional 984,980 shares were valued at approximately ₹24.5 Cr based on a share price of ₹249.30.
One of the largest franchisees of Yum! Brands in the Indian subcontinent, Sapphire Foods operates a network of KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. The company specializes in quick-service restaurant operations, managing food delivery and dine-in services across multiple locations. Its distinctive strength lies in regional market penetration, operational scale, and expertise in managing international brand franchises throughout South Asian markets.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.