Sapphire Foods IPO: KFC, Pizza Hut operator to open offer on November 9
Zee News
KFC and Pizza Hut outlets operator Sapphire Foods India Ltd will open for public subscription on November 9.
New Delhi: The initial share-sale of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, will open for public subscription on November 9. The three-day initial public offering (IPO) will conclude on November 11, according to the red herring prospectus (RHP).
The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will offer 39.62 lakh shares.
In addition, AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunities Fund will offload 16.15 lakh shares and Edelweiss Crossover Opportunities Fund-Series II will divest 6.46 lakh shares.
