Restaurant Brands Asia shares jump 3% after Inspira Global to Acquire Stake in Burger King and Popeyes

Synopsis: Inspira Global will acquire a controlling stake through stake purchase, capital infusion, and an open offer, with a total potential investment of about ₹3,416 crore, subject to regulatory and shareholder approvals.

The shares of this company, which is engaged in developing, operating, and franchising these QSR chains, focus on innovation and guest experience, in focus after they announced the acquisition of a controlling stake in their firm.

With a market capitalization of Rs 3,686 crore, Restaurant Brands Asia Ltd’s shares on Wednesday made a day high of Rs 66 per share, up by 3.1 percent from its previous day’s close price of Rs 64.01 per share. The stock has given a negative return of 61 percent since its listing.

What’s happened

Inspira Global, promoted by Aayush Madhusudan Agrawal, has announced the acquisition of a controlling stake through a combination of stake purchase, fresh capital infusion, and an open offer. The transaction includes the acquisition of an 11.26% stake for about Rs 460 crore, a proposed investment of nearly Rs 1,500 crore via equity and warrants, and an open offer to acquire up to 26% from public shareholders at Rs 70 per share, taking the total potential outlay to around Rs 3,416 crore, subject to regulatory approvals.

Acquistion

Restaurant Brands Asia announced that Inspira Global, promoted by Aayush Madhusudan Agrawal, has entered into definitive agreements to acquire a controlling stake in the company at Rs 70 per share. The transaction, subject to regulatory approvals, marks the complete exit of existing promoter QSR Asia, in line with its planned investment lifecycle.

The acquisition will be executed through Inspira Global’s food and beverage arm, Lenexis Foodworks, which operates over 250 Chinese Wok outlets across India. The deal includes the purchase of an 11.26 percent stake for about Rs 460 crore, along with a proposed infusion of nearly Rs 1,500 crore via equity and warrants, triggering an open offer.

Inspira Global brings extensive QSR experience and long-term capital support to the business. The company will continue to operate with its existing leadership, brands, and strategy, while the transaction is subject to shareholder and regulatory approvals, including clearance from the Competition Commission of India.

Aayush Agrawal of Inspira Global reciprocated this sentiment, framing the acquisition as a long-term value creation initiative focused on sustainable growth and realizing the market’s “true potential.” Complementing these views, RBA President Rafael Odorizzi and outgoing promoter Sameer Sain (Everstone) highlighted the transition as a move toward a new phase of growth, built on the “solid operational foundation” established over the last 12 years.

Open Offer

The open offer for Restaurant Brands Asia Ltd has been launched by Lenexis Foodworks Pvt. Ltd., Aayush Agrawal Trust, Inspira Foodworks Pvt. Ltd., and Mr. Aayush Madhusudan Agrawal, together with Inspira Agro Trading LLC as a person acting in concert. The acquirers propose to purchase up to 20.80 crore equity shares (representing 26 percent of the expanded voting share capital) from public shareholders at Rs 70 per share, amounting to a maximum consideration of about Rs 1,456 crore.

About the company

 Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established around 681 restaurants across major cities in India & Indonesia. The company is an Exclusive National Master Franchisee of Burger King in India, and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia.

The acquisition will result in a change in the company’s shareholding structure, which as of December 2025 comprised 11.26 percent promoter holding, 54.08 percent held by institutional investors (FIIs and DIIs), and 34.67 percent held by public shareholders.

Financial highlights, revenue from operations grew by 11.2 percent to Rs 703 crore in Q2 FY26, corresponding to the same quarter in the last financial year. Accompanied by a loss of Rs 63 crore YoY in Q2 FY26 and a high Debt to Equity of 2.23x.

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