Motilal Oswal Investment Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Restaurant Brands Asia Ltd ("Target Company").
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Restaurant Brands Asia Ltd (Burger King India) has received a Letter of Offer for a mandatory open offer from four acquirers and a PAC (Inspira Agro Trading LLC). The offer is to purchase up to 20.81 crore equity shares (26% of expanded voting share capital) at ₹70 per share plus ₹0.39 interest, totaling up to ₹1,464.54 crore in cash. The offer was delayed due to waiting for CCI (Competition Commission of India) approval, which was received on May 20, 2026. SEBI granted an extension to file the LoF and directed payment of applicable interest. The tendering period runs from June 8 to June 19, 2026.
This is a mandatory open offer likely triggered by an underlying acquisition transaction. Shareholders can tender their shares at ₹70 per share. If oversubscribed, acceptances will be on proportionate basis. The deal is not conditional and requires no minimum acceptance.