tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sapphire Foods Wins Tax Dispute Favorably

Story Highlights
Sapphire Foods Wins Tax Dispute Favorably

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ) has shared an update.

Sapphire Foods India Limited announced a favorable outcome in a legal dispute with the Income Tax Department of India concerning its subsidiary, Gamma Pizzakraft Lanka. The appellate authority ruled in favor of the subsidiary, nullifying the tax demand and associated penalties, which means there will be no financial or operational impact on the company or its subsidiary.

More about Sapphire Foods India Ltd.

Sapphire Foods India Limited operates in the food and beverage industry, focusing on managing and operating quick-service restaurants. The company is known for its franchise operations of popular brands, serving a wide range of food products to consumers across various regions.

Average Trading Volume: 37,778

Technical Sentiment Signal: Strong Buy

Current Market Cap: 105.3B INR

For detailed information about SAPPHIRE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1