Fennel has sold 6.01 lakh shares of Sapphire Foods India for Rs 84 crore through an open market transaction. As per the bulk deal data available with the BSE, Fennel offloaded 6,01,947 shares, amounting to nearly 1 per cent stake in the company. The shares were sold at an average price of Rs 1,390 apiece, taking the aggregate value to Rs 83.67 crore.
Sapphire Foods India is an omnichannel restaurant operator and the largest franchisee of Yum Brands in the Indian subcontinent.