Sapphire Foods India Limited

Fidelity decreased its stake in Sapphire Foods India from 3.46% to 3.15%, selling 1,005,819 shares. This transaction is likely related to the proposed merger of Sapphire Foods into Devyani International.

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.

Boston-based global active asset manager with India exposure through emerging market and India-focused funds.