Restaurant Brands Asia Approves ₹15,000 Crore Preferential Issue, Shareholder EGM on Feb 13
Restaurant Brands Asia approved a preferential issue of equity shares and warrants worth approximately ₹15,000 crore to Lenexis Foodworks and others. The company also approved an increase in authorized share capital to ₹900 crore. A share purchase agreement was signed for the sale of an 11.26% stake. An EGM is scheduled for February 13, 2026, to seek shareholder approval for these proposals.
The preferential issue of nearly ₹15,000 crore and the resulting change in promoters and control represent a substantial financial and strategic event for the company, which will have a significant impact on its future operations and ownership structure.
The approval of a significant preferential issue and the increase in authorized share capital, along with the change in promoters, indicates a positive strategic move for the company's future growth and funding. The clear transaction details and forward-looking EGM date contribute to a positive sentiment.
Restaurant Brands Asia Limited (formerly Burger King India Limited) announced a significant board meeting outcome on January 20, 2026. The Board has approved an increase in the company's authorized share capital from ₹700 crore to ₹900 crore, subject to shareholder approval.
Furthermore, the Board has approved a preferential issue of equity shares and warrants to Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal. This includes the issuance of 12,85,71,128 equity shares at ₹70 per share, aggregating to ₹8,99,99,78,960, and 8,57,14,285 warrants at ₹70 per warrant, aggregating to ₹5,99,99,99,950. The total consideration for this preferential issue amounts to approximately ₹14,99,99,99,910 (approximately ₹15,000 crore).
In conjunction with the preferential issue, a share purchase agreement (SPA) has been executed where QSR Asia Pte. Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd. will sell 6,56,23,090 equity shares (11.26% stake) to the aforementioned acquirers and Inspira Agro Trading LLC at ₹70 per share. This transaction, along with the preferential issue, will result in the acquirers and IATL acquiring control of the company and becoming its promoters, while the current sellers will cease to be promoters.
The company also announced amendments to its Articles of Association to incorporate the rights of the new acquirers and IATL. An extraordinary general meeting (EGM) has been scheduled for February 13, 2026, to seek shareholder approval for the increased authorized share capital, the preferential issue, amendments to the Articles of Association, and the remuneration of Mr. Rajeev Varman as Whole-time Director and Group Chief Executive Officer. The board meeting commenced at 8:10 p.m. IST and concluded at 8:38 p.m. IST.
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Restaurant Brands Asia Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. 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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See the model portfoliosA plain-language summary of a public exchange filing by Restaurant Brands Asia Limited. Read the original for the full detail.