GIC Private Limited Acquires Stake in Sapphire Foods India Limited

GIC Private Limited, an investment manager acting on behalf of the Government of Singapore and the Monetary Authority of Singapore, has acquired a stake in Sapphire Foods India Limited. The acquisition has resulted in GIC Private Limited holding 7.56% of the total voting rights in the company. The acquisition is in the nature of encumbrance and does not involve any warrants or convertible securities.,