Burger King India’s board OKs fundraising plans
The chain is looking to establish 700 restaurants by December 2026.
The operator of Burger King in India is looking to raise up to ₹1,500 crore (approx. US$196 million) through further issuance of securities.
In a regulatory filing, the company’s board of directors approved raising of funds through public and/or private offerings, including preferential issue, qualified institutions placement, further public offer or any of the permissible modes in one or more tranches.
The company’s board also approved increasing the authorised share capital to ₹ 600 crore from ₹ 550 crore, along with the changing of the name of the company from Burger King India Ltd to Restaurant Brands Asia Ltd.
The company did not specify where the funds will be allocated, but comes amidst the chain’s race to establish 700 restaurants by December 2026.