Sapphire Foods India Limited

Mirae Asset Mutual Fund increased its stake in Sapphire Foods India Limited from 6.34% to 7.25%, acquiring 29,17,948 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.

Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.