Open Offer at Rs 70/share for 26% stake in Restaurant Brands Asia

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

RBA · price

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

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹63.45

prior close

₹65.74

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+2.6% vs market

Restaurants peers, median of 11sector-0.0%+1.9% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.9 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.1

15m

-0.6

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.8+2.6-0.0+1.9

Next day

+1.7+0.7+1.0-0.3+1.9

+0.9-1.4+2.3-2.9+3.8

+1.5-1.3+2.8-2.4+3.9

+1.3+0.7+0.6-1.2+2.5

+0.7+0.3+0.4-2.9+3.6

+0.1+0.9-0.8-1.8+1.8

15d

+0.9+6.8-5.9+6.8-6.0

+0.6+4.3-3.7+4.9-4.3

-6.7-8.7+2.0-16.7+10.0

+0.2+8.6-8.5-8.6+8.7

UpDownMarket · Nifty Microcap 250Sector · Restaurants peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aayush Agrawal-led group to acquire control of Restaurant Brands Asia (Burger King India) via preferential subscription of new shares/warrants and purchase from existing promoters QSR Asia and F&B Asia Ventures. Mandatory open offer for up to 20.80 crore shares (26% of expanded voting capital) at Rs 70 per share, totaling up to Rs 1,456 crore. Acquirers to hold 34.98% post-underlying deal, rising to 60.98% if open offer is fully accepted. No delisting planned.

Likely market impact

Public shareholders can tender shares at Rs 70. Change of promoter from QSR Asia to Agrawal-led group. No delisting intended.