Receipt of approval of Competition Commission of India for the Proposed Transaction.
RBA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.6 pts less than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Restaurant Brands Asia (formerly Burger King India) has received CCI approval for a major change of control transaction. New acquirers led by Lenexis Foodworks and Aayush Agrawal Trust will invest approximately INR 900 crore through a preferential issue of 128.57 million equity shares at INR 70 each, plus INR 600 crore through warrants. Additionally, existing promoters QSR Asia and F&B Asia Ventures are selling their 11.26% stake (65.62 million shares) at INR 70 per share to the new acquirers. This triggers a mandatory open offer to all shareholders. Upon closing, the new group will become promoters while existing promoters exit.
The CCI approval removes a key regulatory hurdle for this approximately INR 1,500 crore deal. Existing shareholders will receive an open offer at INR 70 per share, which could provide an exit opportunity. The stock may see price movement towards or away from the offer price depending on market expectations for the new management.