Sapphire Foods India Limited

T. Rowe Price Global Allocation increased its stake in Sapphire Foods India Limited from 1.99% to 2.75%, buying 2,464,547 shares. The shares were valued at approximately ₹61.35 Cr at a price of ₹249.30 apiece.

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.

Multi-asset global allocation fund managed by T. Rowe Price, a Baltimore-based active manager, with India exposure.