Inspira Global to Acquire Controlling Stake in Restaurant Brands Asia Ltd at 70% Premium

Inspira Global, promoted by Aayush Madhusudan Agrawal, is set to acquire a controlling stake in Restaurant Brands Asia Ltd (RBA), the operator of Burger King® in India and Burger King® and Popeyes® in Indonesia. The acquisition will be made through Lenexis Foodworks Private Limited, Inspira Global’s food and beverage arm, for approximately INR 460 crore. Additionally, Inspira Global proposes to infuse INR 900 crore through a preferential allotment of equity shares and INR 600 crore through the preferential allotment of warrants. This transaction will trigger an open offer to public shareholders of RBA. The proposed transaction is subject to the fulfilment of customary conditions precedent, including the receipt of applicable shareholders and regulatory approvals.