New Delhi: Sapphire Foods India Limited, which operates KFC and Pizza Hut outlets, has filed a draft paper with capital markets regulator SEBI to raise funds through preliminary public offerings (IPO). According to the Draft Red Herring Prospectus (DRHP), initial share sales will be entirely an offer (OFS) by promoters and existing shareholders for the sale of 17,569,941 equity shares.

As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will sell 55.69 lakh shares, WWD Ruby Ltd will sell 48.46 lakh shares and Amethyst will sell 39.62 lakh shares. With this, AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunities Fund will sell 16.15 lakh shares and Edelweiss Crossover Opportunities Fund-Series will offer 6.46 lakh shares II.

Sapphire Foods is an Omni-Channel restaurant operator supported by marquee investors like Samara Capital, Goldman Sachs, CX Partners, and Edelweiss, the largest franchise of Yum brands in the Indian sub-continent. As of March 31, 2021, Sapphire Foods has owned and operated 204 KFC restaurants in India and Maldives, 231 Pizza Hut restaurants in India, Sri Lanka, and the Maldives, and two Taco Bell restaurants in Sri Lanka.

Post Varanasi flood, PM Modi speaks to local admn, assures possible help

Yashwant Sinha's Rashtra Manch demands restoration of statehood to J&K

High court orders 16 mosques in Bengaluru to submit an affidavit on loudspeakers