LEGAL | Staff Reporter, India

Burger King India receives US$6.28m capital infusion from Everstone Capital: report

The funds will be used for store expansion and refurbishments.

Burger King India has been given an Rs45 crore or US$6.28m capital infusion from Singapore-based private equity firm Everstone Capital, according to a report from The Economic Times

In addition, the PE firm will also provide the burger chain a Rs150 crore (US$20.94m) loan facility.

The funds will be used for store expansion and refurbishments as well as transaction-related expenses.

Everstone has managed Burger King India since 2013, along with the Coffee Bean & Tea Leaf, Copper Chimney, Bombay Blue and Noodle Bar brands in India. 

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