BUZZ — Sapphire Foods India falls on notice from tax authority

* Shares of Sapphire Foods India fall as much as 3.8% to 222.68 rupees; lowest intraday change since August 28 * Stock last down 3.7% to 222.71 rupees * Restaurants and bars co received tax show cause notice for 5.17 billion rupees ($53.88 million) from Chennai tax authority * Co received tax notice for wrongly availed tax credits and underpaid tax * SAPI says tax notice contains calculation mistakes in amounts demanded by authority *Says tax notice had no material impact on financials and operations * Stock down 13.15% YTD ($1 = 95.9500 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)