Inspira Global, led by Aayush Madhusudan Agrawal, will acquire a controlling stake in Restaurant Brands Asia (RBA) at ₹70 per share, a premium of approximately 10% over the current closing price. The investment is aimed at supporting RBA’s long-term growth. Current promoter QSR Asia Pte. Ltd., will fully exit as part of this transaction, marking a strategic shift in RBA’s leadership and future direction.
Inspira Global’s Strategic Investment
Inspira Global, under the guidance of Aayush Madhusudan Agrawal, is set to acquire a controlling interest in Restaurant Brands Asia (RBA), the operator of Burger King in India and Indonesia, and Popeyes in Indonesia. The acquisition will be executed at ₹70 per share.
Deal Structure and Financial Details
The transaction involves Inspira Global acquiring the 11.26% shareholding of QSR Asia Pte. Ltd. for approximately ₹460 crore. Furthermore, Inspira Global plans to infuse about ₹900 crore through a preferential allotment of equity shares and around ₹600 crore via preferential allotment of warrants. These infusions will trigger an open offer to RBA’s public shareholders.
Leadership Perspectives
Rajeev Varman, Whole-time Director and Group Chief Executive Officer of Restaurant Brands Asia, expressed enthusiasm for welcoming Aayush Agrawal and Inspira Global as the new promoter. He anticipates that their capital support and strategic alignment will help RBA continue its growth journey, while maintaining its existing leadership, operational structure, and brand identity.
Aayush Madhusudan Agrawal of Inspira Global stated their admiration for RBA’s accomplishments and views this acquisition as a long-term value creation initiative. Inspira Global aims to foster sustainable growth and realize the market’s potential, working collaboratively with RBA’s existing team.
Advisors
The transaction was advised by Bathiya Advisors, and Motilal Oswal Investment Advisors Limited is managing the open offer.
Inspira Global’s Broader Portfolio
Inspira Global, promoted by Aayush Agrawal and Madhusudan Agrawal, has diverse interests including real estate, food and beverage, pharmaceuticals, luxury home products, and clean energy. The group’s food and beverage vertical, Lenexis Foodworks Private Limited, aims to create a portfolio of consumer-facing brands across QSR and related segments. Their flagship QSR brand, Chinese Wok, operates over 250 company-owned restaurants across 45 cities in India.
Source: BSE
