An open offer has been launched by Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited and Mr. Aayush Madhusudan Agrawal (collectively the “Acquirers”) together with Inspira Agro Trading LLC to the public shareholders of Restaurant Brands Asia Limited for 26.00% of the expanded voting share capital at a price of INR 70 per share. The total consideration is up to INR 1456.43 crore.
Open Offer Details
An open offer has been announced by Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal, along with Inspira Agro Trading LLC, to acquire up to 20,80,61,717 equity shares of Restaurant Brands Asia Limited. This represents 26.00% of the expanded voting share capital. The offer price is INR 70 per share, totaling up to INR 1456.43 crore, assuming full acceptance.
Acquirers’ Intent
The acquirers intend to acquire control of Restaurant Brands Asia and become promoters. Following the completion of the open offer, they intend to support the management in its efforts towards sustained growth and continue to strengthen the company’s existing business activities. The acquirers also plan to work with the management and employees to grow the business.
Financial Details
The total consideration for the offer, assuming full acceptance, is INR 1456.43 crore. The Acquirers have made financial arrangements to fulfill the payment obligations under the open offer.
Revised Schedule of Activity
The schedule includes important dates, such as:
Date of issue of the Public Announcement: Tuesday, January 20, 2026
Date for publication of DPS in the newspapers: Wednesday, January 28, 2026
Identified Date: Monday, March 02, 2026
Date of commencement of Tendering Period: Tuesday, March 17, 2026
Date of expiry of Tendering Period: Thursday, April 02, 2026
Last date of communicating the rejection/ acceptance and completion of payment of consideration or refund of Equity Shares to the Public Shareholders of the Target Company: Monday, April 20, 2026
Last date for publication of post-Offer public announcement in the newspapers: Monday, April 27, 2026
Shareholding Changes
No. of Equity Shares: 27,99,08,104
% of Expanded Voting Share Capital: 34.98%
Source: BSE
