Jan 21, 2022 03:52 PM
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The Company was incorporated under the name Samarjit Advisors Private Limited on 10 November 2009. Subsequently, pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on 26 December 2014, the Company changed its name to Sapphire Foods India Private Limited on 07 January 2015. Thereafter, the Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on 15 June 2021 and the name of the Company was changed to Sapphire Foods India Limited. The company is principally engaged in the franchise business of KFC and Pizza Hut restaurants in India.The company,directly and through its subsidiaries,is one of the largest franchisees of YUM brands in Indian sub-continent in terms of revenue with the rights to operate KFC,Pizza Hut and Taco Bell stores in India,Sri Lanka and Maldives. On 08 March 2017,the company has allotted 41088390 bonus equity shares of Rs 10 each to the shareholders in the ratio of 70:1. During the FY2020,the company has allotted 7136094 equity shares of Rs 10 each at a price of Rs 339 per share on conversion of CCPS and CCDs. On 03 August 2020,the company has allotted 2184520 equity shares of Rs 10 each at a price of Rs 187 per share on rights basis. As on 31 March 2021,the company has one direct subsidiary and 3 indirect subsidiaries under its roof. On 05 August 2021,the company has allotted 9189789 equity shares of Rs 10 each at a price of Rs 505.13 per share on preferential basis.On the same day,the company also allotted 183682 equity shares of Rs 10 each at a price of Rs 544.42 per share on preferential basis. Sapphire Foods owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka as of June 2021. During the month of November 2021,the company came out with an Rs 2073-crore public issue that was entirely an offer for sale by selling shareholders including promoters.The company offered 175669941 shares of Rs 10 each at a premium of Rs 1170 per share.The allotted IPO shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 18 November 2021.
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