Sapphire Foods IPO will be a complete offer for sale of 1,75,69,941 shares by existing shareholders, including QSR Management Trust and Sapphire Foods Mauritius
Sapphire Foods India Ltd. has sought the market regulator’s approval for an initial public offering, as the operator of KFC, Pizza Hut and Taco Bell in India, Maldives and Sri Lanka aims to join quick-service restaurant chain peers in what may be a record year for maiden offers.
Sapphire Foods, an omni-channel restaurant operator and the largest franchisee of Yum Brands in the Indian sub-continent, is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.
New Delhi: Sapphire Foods India Limited, which operates KFC and Pizza Hut outlets, has filed a draft paper with capital markets regulator SEBI to rai..|News Track
SFIL is also Sri Lanka’s largest international QSR chain in terms of revenue for the financial year 2021 and number of restaurants operated as of March 31, 2021.