Inspira Global seizes control of Burger King India and Indonesia
Inspira Global will purchase QSR Asia’s 11.26% stake in RBA for approximately ₹460 crore.
Restaurant Brands Asia Ltd. (RBA), which operates Burger King in India and both Burger King and Popeyes in Indonesia, announced that Inspira Global has signed agreements to acquire a controlling stake in the company, pending regulatory and shareholder approvals.
“RBA will continue to operate with its existing leadership team, operational structure, and brand identity fully intact as we remain firmly focused on executing our growth plans,” said Rajeev Varman, whole-time director and group CEO of RBA.
The deal would mark the full exit of RBA’s current promoter, QSR Asia Pte. Ltd., which is largely owned by Everstone Capital, in line with its planned investment cycle.
The acquisition will be carried out in part through Lenexis Foodworks Private Limited, Inspira Global’s food and beverage division, which operates over 250 Chinese Wok outlets across more than 45 cities in India.
Under the terms of the deal, Inspira Global will purchase QSR Asia’s 11.26% stake in RBA for approximately ₹460 crore and plans to invest an additional ₹900 crore through a preferential share allotment and ₹600 crore through warrants.
These transactions will trigger an open offer to RBA’s public shareholders and are subject to standard conditions, including approvals from regulators such as the Competition Commission of India, and will follow SEBI Takeover Regulations.
