Inspira Global completes Rs 2,235 crore acquisition of Restaurant Brands Asia, takes 41.78% stake
Ajanta Pharma promoter-backed Inspira Global has closed its buyout of Burger King India and Popeyes parent Restaurant Brands Asia, acquiring a 41.78% stake for Rs 2,235 crore. The deal includes Rs 1,500 crore fresh capital, a new chairman, and RBI franchise agreements extended to 2050.
What happened
Inspira Global, backed by Ajanta Pharma promoters, completed acquisition of Restaurant Brands Asia (Burger King India, Popeyes Indonesia) for Rs 2,235 crore,
Key facts
- Rs 2,235 crore
- 41.78% stake
- 11.26% stake for Rs 460 crore
- Rs 1,500 crore fresh capital
- Rs 900 crore preferential allotment
- Rs 600 crore warrants
- 26% open offer
- 48.04% total shareholding
- franchise extended to 2050
Why this matters
Ajanta Pharma promoter-backed Inspira's Rs 2,235 crore QSR buyout shows healthcare capital diversifying into branded food retail, opening comparable minority-to-control plays across debt-heavy franchise operators.
What to watch
- Open offer subscription levels and final promoter stake
- Quarterly SSSG and store-count net additions vs guidance
- EBITDA margin trajectory and burn rate against Rs 1,500 cr infusion
- Franchisor (RBI) conditions tied to extended 2050 agreements
- Minority shareholder / SEBI reactions to control change
- Complete open offer to lift stake toward 48.04% and consolidate control
- Install new management layer beyond chairman; set fresh store-economics targets
- Rationalize underperforming Burger King outlets while scaling Popeyes
- Deploy fresh capital into supply chain, digital ordering, and delivery partnerships