Restaurant Brands Asia: Preferential Allotment Triggers Open Offer

Restaurant Brands Asia Limited has announced a preferential allotment of 12,85,71,128 equity shares and 8,57,14,285 warrants to Lenexis Foodworks Pvt Ltd, along with smaller allotments to Aayush Agrawal Trust, Inspira Foodworks Pvt Ltd, and Mr. Aayush Madhusudan Agrawal. This allotment, made on a private placement basis, has triggered a mandatory open offer where the acquirers will seek to acquire up to 26.00% of the expanded voting share capital from public shareholders. The shares and warrants allotted will be held in an escrow account pending the completion of the open offer process.