,India
Photo credit: Burger King India/Facebook

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.

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The “combined” concept features the operator’s PappaRich, NeNe Chicken, Hokkaido Baked Cheese Tart and Kurimu brands.
Initially launched in Singapore, the feature will be rolled out across the rest of its APAC markets shortly.
The chain also introduced broccoli cheese balls as a new side dish option.
Burger King currently has around 150 and 440 outlets in Japan and South Korea, respectively.
More than 60 stores in Beijing, Shanghai, Shenzhen and Chengdu now offer this ‘1971 Salon’ reservation service, with plans to expand.
The company expects approximately 50,000 jobs to be created as a result.
The promotional boxes have sold out, partly due to scalpers reselling the toys for higher prices.
The unmanned store chain, located in Wirye New Town, is selling about 120 kinds of products.
The fast food chain estimates that stocks will be replenished by late January.
The chain now expects to have more than 45 Shake Shacks across Korea, Singapore, and Malaysia that year.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The chain has grown to employ more than 3,000 staff in over 600 stores across 45 cities.