NewQuest Capital Partners and TR Capital are in advanced talks to invest in Sapphire Foods India Pvt. The private equity funds are in talks to invest around ₹558 crore in Sapphire Foods, the person said on condition of anonymity. Email queries sent to Sapphire Foods, NewQuest Capital Partners, TR Capital and existing investors didn’t elicit any response till the time of publishing this news report. It currently runs nearly 400 KFC, Pizza Hut and Taco Bell outlets in India, Sri Lanka and the Maldives. Hong Kong-based NewQuest Capital Partners acquired a minority stake in maternity clinic Kids Clinic India Pvt.

Source: Mint August 08, 2021 19:41 UTC