Sapphire Foods India Limited
T. Rowe Price trimmed its stake in Sapphire Foods India from 2.75% to 2.61%, selling 4,71,823 shares.
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.
Baltimore-based active asset manager founded in 1937, managing about US$1.5 trillion. It invests in India through several of its funds, including its International Discovery, Emerging Markets Discovery, New Asia and Global Allocation strategies, using bottom-up fundamental research to back growing companies.