Two promoter entities of Sapphire Foods, the operator of KFC and Pizza Hut chains in India, executed block deals on Monday, selling shares worth INR 530 crore.
Sapphire Foods Mauritius offloaded 33.37 lakh shares, representing 5.24% of the overall equity capital, while Samara Capital Partners divested 4.49 lakh shares, amounting to 0.71% of the total equity, at an average price of INR 1,400 per share.
After the block deal, Sapphire Foods’ shares experienced a 3.65% decline, closing at 1,402.95. As of September 30, Sapphire Food Mauritius retained a 29.28% stake, and Samara Capital held a 0.71% stake. The Government of Singapore acquired shares amounting to 141 crore, and HDFC Mutual Fund bought shares valued at INR 308 crore.
