reports
- Sumeet Singh
Sapphire Foods IPO
Sapphire Foods Limited (SFL), one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core business is to operate KFC, Pizza Hut and Taco Bell in the Indian subcontinent. As of Jun 21, SFL operated 209 KFC restaurants in India and Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and Maldives and two Taco Bell restaurants in Sri Lanka. In total, it operated 311 restaurants in India, 63 in Sri Lanka and two in Maldives. In India, it ha...
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