Ajanta Promoters Seize Burger King India Master Franchise for ₹1,960 Cr

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AuthorAarav Shah|Published at:
Ajanta Promoters Seize Burger King India Master Franchise for ₹1,960 Cr
Overview

Promoters associated with Ajanta Pharma are set to acquire a controlling stake in Restaurant Brands Asia Ltd (RBA), the operator of Burger King in India and Indonesia. The deal involves acquiring QSR Asia's stake for approximately ₹460 crore and a significant capital infusion of ₹1,500 crore into RBA. This strategic move signals a long-term commitment to India's burgeoning quick-service restaurant market.

Promoter Group Assumes Control of Burger King India Operations

The ownership structure of Restaurant Brands Asia Ltd (RBA), the master franchisee for Burger King in India and Indonesia, is set to undergo a significant shift. Inspira Global, a conglomerate promoted by Aayush Agrawal and Madhusudan Agrawal with diversified interests, is acquiring a controlling stake. This transaction marks the exit of the current promoter, QSR Asia Pte. Ltd., which is majority owned by private equity firm Everstone Capital.

Substantial Capital Infusion and Expansion Plans

The deal structure includes Inspira Global acquiring the entire 11.26 per cent stake held by QSR Asia for approximately ₹460 crore. Crucially, Inspira Global will also infuse fresh capital totaling around ₹1,500 crore into RBA. This infusion comprises a preferential allotment of equity shares worth about ₹900 crore and warrants valued at approximately ₹600 crore. The capital will be channelled through Lenexis Foodworks Private Limited, Inspira Global’s food and beverage arm, which operates over 250 Chinese Wok restaurants.

Strategic Vision for India's QSR Sector

Aayush Madhusudan Agrawal expressed confidence in the acquisition, viewing it as a long-term investment in India's rapidly expanding quick-service restaurant market. The group intends to foster growth within RBA, working collaboratively with the existing management team. Rajeev Varman, CEO of Restaurant Brands Asia, affirmed that the operational structure and brand identity would remain intact, ensuring a seamless transition and continued focus on growth strategies.

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