Goldman, Singapore Govt, HSBC Among Heavy Players Buying Stake in Sapphire Foods
By Malvika Gurung
Investing.com — A day after surging over 6% and snapping a falling streak of two sessions, shares of the food retail operator Sapphire Foods India ended 1.84% lower at Rs 1,371.75 apiece on Friday.
Investment funds including Goldman Sachs (NYSE:), ICICI Prudential (LON:) Mutual Fund and HSBC Global Investment Funds, among others, along with the Government of Singapore have purchased shares of Sapphire Foods India through block deals.
The Government of Singapore has acquired 3.58 lakh equity shares of Sapphire Foods by investing over Rs 48 crore in the company.
The financial giant Goldman Sachs (Singapore) has picked 74,240 shares of the company at an average price of Rs 1,347 apiece, making a total investment of Rs 10 crore in it. HSBC Global Investment funds too picked 74,240 shares of the FMCG company for Rs 10 crore.
ICICI Prudential Mutual Fund acquired a total of 8,90,869 equity shares in Sapphire Foods at Rs 1,347 apiece via two separate block deals, investing a cumulative Rs 120 crore in the company.
ICICI Prudential Life Insurance bought 1,85,599 equity shares of the food company for Rs 25 crore.
Other domestic investors or DIIs picking fresh stakes in Sapphire Foods India included Mirae Asset Mutual Fund, ITI Mutual Fund, Kotak India Mid Cap Fund, Fidelity Funds India, and Bajaj Allianz (ETR:) Life Insurance Company, among others, stated an ETMarkets report.
Sapphire Foods India operates KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives.
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By Malvika Gurung
Investing.com — A day after surging over 6% and snapping a falling streak of two sessions, shares of the food retail operator Sapphire Foods India ended 1.84% lower at Rs 1,371.75 apiece on Friday.
Investment funds including Goldman Sachs (NYSE:), ICICI Prudential (LON:) Mutual Fund and HSBC Global Investment Funds, among others, along with the Government of Singapore have purchased shares of Sapphire Foods India through block deals.
The Government of Singapore has acquired 3.58 lakh equity shares of Sapphire Foods by investing over Rs 48 crore in the company.
The financial giant Goldman Sachs (Singapore) has picked 74,240 shares of the company at an average price of Rs 1,347 apiece, making a total investment of Rs 10 crore in it. HSBC Global Investment funds too picked 74,240 shares of the FMCG company for Rs 10 crore.
ICICI Prudential Mutual Fund acquired a total of 8,90,869 equity shares in Sapphire Foods at Rs 1,347 apiece via two separate block deals, investing a cumulative Rs 120 crore in the company.
ICICI Prudential Life Insurance bought 1,85,599 equity shares of the food company for Rs 25 crore.
Other domestic investors or DIIs picking fresh stakes in Sapphire Foods India included Mirae Asset Mutual Fund, ITI Mutual Fund, Kotak India Mid Cap Fund, Fidelity Funds India, and Bajaj Allianz (ETR:) Life Insurance Company, among others, stated an ETMarkets report.
Sapphire Foods India operates KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives.