Inspira Global completes acquisition of Restaurant Brands Asia, holds 41.78%

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+1.6%1-day move

₹73.00

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₹72.90

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AI summary

Inspira Global has completed acquiring control of Restaurant Brands Asia (Burger King India) via its food platform Lenexis Foodworks for about INR 2235 crores. Deal includes fresh capital infusion, acquisition of promoter stake and mandatory open offer. Inspira holds 41.78% now, rising to 48.04% on warrant exercise with another INR 450 cr infusion. Madhusudan Agrawal appointed Chairman, Aayush Agrawal as non-executive director. Master franchise deals with Restaurant Brands International extended through 2050 for India and Indonesia.

Likely market impact

New promoter Inspira Global takes control with 41.78% stake, about INR 2685 cr fresh capital overall to fund expansion, new leadership installed, franchise valid till 2050.