Overview
Arinjaya (Mauritius) Ltd (Creador), sold 4.2% stake in Sapphire Foods India worth USD 45 million (INR 378 crore). The transaction was executed at INR 1,400 per share, a minimal 3.2% discount to previous day’s closing price. The transaction saw GIC (Government of Singapore) anchoring a majority of the deal.
Avendus Capital was the sole advisor to Creador on this transaction.
About Sapphire Foods India
Sapphire Foods India is primarily engaged in the franchise business of KFC and Pizza Hut restaurants in India and is one of the largest franchisees of YUM brands in the Indian subcontinent in terms of revenue.
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