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.
