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Sapphire Foods India Expands Capital with New Share Allotment

Story Highlights
  • Sapphire Foods India operates in the food and beverage industry, managing quick-service restaurants.
  • The company allotted 192,011 shares, increasing its capital and enhancing employee engagement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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The latest update is out from Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ).

Sapphire Foods India Limited has announced the allotment of 192,011 equity shares following the exercise of stock options by eligible employees under its existing ESOP Plan. This allotment has resulted in an increase in the company’s issued, subscribed, and paid-up capital, reflecting a strategic move to enhance employee engagement and potentially strengthen its market position.

More about Sapphire Foods India Ltd.

Sapphire Foods India Limited operates in the food and beverage industry, primarily focusing on the management and operation of quick-service restaurants. The company is known for its franchise operations of popular brands, catering to a wide market segment with a focus on delivering quality dining experiences.

YTD Price Performance: -14.12%

Average Trading Volume: 24,275

Current Market Cap: 95.02B INR

Find detailed analytics on SAPPHIRE stock on TipRanks’ Stock Analysis page.

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