Sapphire Foods board approves 1-to-5 stock split for KFC, Pizza Hut operator in India.
Sapphire Foods, operator of KFC and Pizza Hut in India, saw its shares rise by 6% on June 20 after its board approved a stock split of existing equity shares from 1 to 5. The split aims to improve liquidity, widen the shareholder base, and make shares more affordable for retail investors, and is expected to be completed within three months. Shares have increased by 13.5% this year and 15.5% in the last month.
June 20, 2024
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