Inspira Global to Acquire Controlling Stake in Restaurant Brands Asia for ₹70/share
Inspira Global, promoted by Aayush Madhusudan Agrawal, will acquire a controlling stake in Restaurant Brands Asia (RBA) for ₹70 per share. The deal includes acquiring QSR Asia Pte. Ltd.'s 11.26% stake for ~₹460 crore, and Inspira Global will infuse ~₹900 crore via equity and ~₹600 crore via warrants. This transaction is subject to regulatory approvals.
The change in controlling stake, significant capital infusion, and an open offer to public shareholders represent a major corporate restructuring and a substantial financial event for Restaurant Brands Asia Limited, indicating a high impact.
The acquisition at a premium and the planned capital infusion by Inspira Global, along with supportive statements from RBA's management and brand owner, indicate a positive outlook for the company's future growth and stability.
Restaurant Brands Asia Limited (RBA), the operator of Burger King® in India and Burger King® and Popeyes® in Indonesia, has entered into definitive agreements for Inspira Global to acquire a controlling interest in RBA, subject to applicable approvals. This transaction signifies the complete exit of the existing promoter, QSR Asia Pte. Ltd. (majority owned by Everstone Capital), aligning with its planned investment lifecycle.
Inspira Global, through its food and beverage arm Lenexis Foodworks Private Limited, will acquire the entire 11.26% shareholding of QSR Asia Pte. Ltd. for approximately ₹460 crore. Additionally, Inspira Global proposes to infuse approximately ₹900 crore through a preferential allotment of equity shares and ₹600 crore via preferential allotment of warrants. These transactions will trigger an open offer to RBA's public shareholders. The acquisition is priced at ₹70 per share, representing a premium of approximately 10% to the closing price on January 20, 2026, and is contingent upon customary conditions, including shareholder and regulatory approvals from bodies like the Competition Commission of India, in accordance with SEBI Takeover Regulations.
Rajeev Varman, Whole-time Director and Group Chief Executive Officer of Restaurant Brands Asia, welcomed Aayush Agrawal and Inspira Global, expressing confidence in their ability to support RBA's growth trajectory. Aayush Madhusudan Agrawal of Inspira Global highlighted the acquisition as a long-term value creation initiative, emphasizing sustainable growth and realizing the market's potential. Rafael Odorizzi, President Asia-Pacific at Restaurant Brands International, expressed pleasure with Inspira Global's investment commitment. Sameer Sain, Co-Founder & Group CEO of Everstone Group, reflected on building Burger King in India and passing the baton to a new promoter with a clear long-term vision.
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Restaurant Brands Asia Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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