Overview
- Everstone Capital is reported to be selling its entire 11.26% holding in Restaurant Brands Asia, the Burger King franchisee for India and Indonesia.
- Restaurant Brands Asia has scheduled a board meeting on Tuesday, January 20, to consider and evaluate a fundraising proposal.
- Sources say a family office linked to Ajanta Pharma is the prospective strategic investor and could inject up to ₹800 crore into the company.
- The Ajanta-linked investor may seek a larger or even majority stake over time as other shareholders reduce their holdings, according to the reports.
- The move comes during a shakeout in India's fast-food sector, highlighted by the $934 million Sapphire Foods–Devyani International merger and ongoing margin pressures.