Inspira Global Acquires Controlling Stake in Restaurant Brands Asia

Restaurant Brands Asia Ltd. (RBA), the operator of Burger King® in India and Indonesia, has announced that Inspira Global will acquire a controlling stake in the company. The acquisition will be executed at a price of ₹70 per share, representing a premium over the current market price. This transaction marks the exit of QSR Asia Pte. Ltd., the existing promoter, in line with its investment lifecycle strategy.

The financial terms of the acquisition include the purchase of QSR Asia Pte. Ltd.’s entire 11.26% shareholding in RBA for approximately ₹460 crore. Additionally, Inspira Global plans to infuse ₹900 crore through a preferential allotment of equity shares and ₹600 crore through the preferential allotment of warrants. These transactions will trigger an open offer to public shareholders of RBA. The completion of the transaction is contingent upon receiving necessary regulatory approvals, including from the Competition Commission of India, and will adhere to the SEBI Takeover Regulations.

The acquisition will be facilitated through Lenexis Foodworks Private Limited, Inspira Global’s food and beverage arm. Lenexis Foodworks has over a decade of experience in the Quick Service Restaurants (QSR) sector, operating more than 250 Chinese Wok restaurants across 45 cities in India. The transaction is expected to enhance Inspira Global’s presence in the QSR segment, aligning with its focus on consumer businesses and brand stewardship.

The proposed acquisition is subject to customary conditions precedent, including shareholder and regulatory approvals. The transaction is expected to strengthen Inspira Global’s strategic position in the QSR market, leveraging its experience and operational excellence. The existing management team of RBA will continue to operate the business, maintaining its current operational structure and brand identity.

The transaction was advised by Bathiya Advisors, with Motilal Oswal Investment Advisors Limited acting as the manager for the open offer. The acquisition aligns with Inspira Global’s strategy to build scalable, future-ready businesses anchored in strong governance and long-term value creation.

Inspira Global is an Indian group with diversified interests in real estate, food and beverage, pharmaceuticals, luxury home products, and clean energy. Through its food and beverage vertical, Lenexis Foodworks Private Limited, Inspira Global is committed to developing a portfolio of consumer-facing brands across QSR and allied segments.

Restaurant Brands Asia Limited is the national master franchisee of the Burger King® brand in India and has exclusive rights to develop, establish, operate, and franchise Burger King® branded restaurants across the country. Its subsidiaries are exclusive national master franchisees of Burger King® and Popeyes® in Indonesia.