Lenexis Foodworks Private Limited, along with other acquirers, has announced an open offer to acquire up to 20,80,61,717 equity shares of Restaurant Brands Asia Limited, representing 26.00% of the expanded voting share capital. The offer price is set at ₹70.00 per equity share, with a total consideration of up to INR 14,56,43,20,190. This offer is made to the public shareholders, in accordance with regulatory requirements.
Open Offer Details
An open offer has been launched to acquire a substantial number of equity shares from the public shareholders of Restaurant Brands Asia Limited. The acquirers, including Lenexis Foodworks Private Limited, are targeting up to 20,80,61,717 shares. This represents 26.00% of the expanded voting share capital. The announcement was made on January 20, 2026.
Offer Price and Total Consideration
The offer price is fixed at ₹70.00 per equity share. If fully subscribed, the total consideration for this acquisition would amount to INR 14,56,43,20,190. This investment reflects the acquirers’ intent to increase their stake in the company.
Acquirers and Underlying Transactions
The acquirers include Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal, along with Inspira Agro Trading LLC acting as a person in concert. This open offer is triggered by a securities subscription agreement (SSA) where the acquirers will subscribe to equity shares and warrants, subject to shareholder and regulatory approvals.
Shareholding Changes
Post-acquisition, the proposed shareholding could change significantly. For example, Lenexis Foodworks Private Limited is expected to hold 34.98% of the expanded voting capital after the acquisition of subscription shares, warrants and sale shares, assuming no equity shares are tendered in the open offer. If full 26% tendering occurs, the stake is expected to increase to 60.98%.
Additional Considerations
This open offer is mandatory and not conditional upon any minimum level of acceptance. It is not being issued pursuant to a competing offer. Key details are subject to terms and conditions as specified in the public announcement and will be elaborated in the detailed public statement (DPS).
Source: BSE
