HDFC Mutual Fund has reduced its shareholding in Sapphire Foods India Limited by 2.84%, bringing its total stake down to 6.76% as on June 16, 2026. The transaction involved the sale of 91,20,384 equity shares through the open market. This change was disclosed to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this sale, the aggregate holding of the Schemes of HDFC Mutual Fund stood at 9.60% of the paid-up equity share capital. The paid-up equity share capital of Sapphire Foods India Limited is Rs. 64,27,65,810, comprising 32,13,82,905 equity shares of Rs. 2 each. The acquirer has confirmed that it does not belong to the promoter or promoter group of the target company.

The disclosure was submitted by Dinesh Bhakade, Lead - Compliance Governance at HDFC Asset Management Company Limited, the investment manager for the schemes of HDFC Mutual Fund. The filing detailed the specific schemes involved, including the HDFC BSE 500 ETF, HDFC Flexi Cap Fund, and HDFC Consumption Fund, among others.

Shareholding Details

The following table outlines the change in shareholding as disclosed in the filing:

The shares of Sapphire Foods India Limited are listed on BSE Limited and National Stock Exchange of India Limited. The total diluted share or voting capital of the company was reported as not applicable (N.A.) in the disclosure.

Sapphire Foods India Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹31.73 crores. The deal involved approximately 1,748,464 shares, executed at a price of ₹181.45 per share, reflecting significant institutional-level participation in the counter.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Block trades are typically executed outside the open market order book and are commonly associated with large institutional investors or bulk transactions. The size and value of this transaction underscore the scale of activity observed in Sapphire Foods India Ltd.'s scrip on the NSE.