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sapphire foods india share price: Sapphire Foods India shares up 4% amid block deal

Shares of Sapphire Foods India, a restaurant and food services firm, rose by 4% to reach Rs 1,448.2 in Tuesday s trade on BSE after a block deal reportedly took place on the counter, with the transaction of 30.3 lakh shares of the firm at Rs 1,377 per share. Bloomberg reported that the KFC and Pizza Hut s India holder was probably going to sell three million shares in a block deal as well. The block deal was anticipated to enable the shareholder to divest a portion of their holdings in Sapphire Foods India for Rs 1,345-1,391 per share.

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