Restaurant Brands Asia has announced an open offer to its public shareholders, providing an opportunity to sell up to 208,061,717 equity shares, representing 26.00% of the expanded voting share capital, at a price of ₹70 per share. The offer, managed by Motilal Oswal Investment Advisors, is in accordance with SEBI regulations and aims to increase public shareholding. The tendering period will start on March 17, 2026 and close on April 2, 2026.
Open Offer Details
Restaurant Brands Asia Limited has officially announced an open offer, inviting public shareholders to tender their shares. The offer details are as follows:
- Offer Size: Up to 208,061,717 equity shares, representing 26.00% of the expanded voting share capital
- Offer Price: ₹70 per equity share
- Tendering Period: Starts on March 17, 2026, and closes on April 2, 2026
This offer is managed by Motilal Oswal Investment Advisors Limited, who will act as the manager for the Open Offer. The announcement complies with Securities and Exchange Board of India (SEBI) regulations.
Purpose of the Offer
This Open Offer is aimed to acquire control over the Target Company and to become ‘promoters’ of the Target Company. It adheres to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Financial Arrangements
The total consideration for the Offer Size at the Offer Price, assuming full acceptance, amounts to INR 14,564,320,190. The Acquirers have confirmed they have the necessary financial resources to fulfill their obligations, supported by a bank guarantee and cash deposits in an escrow account, as per SEBI regulations.
Source: BSE
