Goldman Sachs, HSBC, and many other big men have stakes in Sapphire Foods | Jobs Vox


The likes of Goldman Sachs, HSBC Global Investment Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund and the Singapore government have bought FMCG companies in block deals.

Goldman Sachs (Singapore) on Thursday bought 74,240 shares of Sapphire Foods at Rs 1,347 a share and made an investment of 10 million in the company.

ICICI Prudential Mutual Fund bought 8,90,869 shares of Sapphire Foods in two separate block deals at Rs 1,347 each. The mutual fund has invested Rs 120 crore. Similarly,

Life Insurance bought 185,599 shares at Rs 25 crore.

The Singapore government bought 358,704 shares of the FMCG company at an investment of over Rs 48 million. Similarly, HSBC Global Investment Fund – Asia Ex Japan Equity Smaller Companies – bought 74,240 shares at Rs 10 crore.

Besides, some more domestic institutional investors like Mirae Asset Mutual Fund, ITI Mutual Fund, Fidelity Funds India, Kotak India Mid Cap Fund, PI Opportunities Fund, Bajaj Allianz Life Insurance Company, etc. bought new stake in the FMCG firm.

The stock was down 1% at Rs 1,385 in Friday trade. Year-on-year, it has grown nearly 15% and has risen to 43% in the last six months.


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