Restaurant Brands Asia (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, has completed its acquisition by Inspira Global through its food and beverage platform, Lenexis Foodworks.

The transaction was completed following the successful conclusion of the mandatory open offer, the receipt of the required regulatory approvals, and the fulfilment of customary closing conditions.

Valued at approximately INR 2,235 crore, the deal is among the largest transactions in India's quick service restaurant (QSR) sector. Following the acquisition, Inspira Global now holds a 41.78% stake in Restaurant Brands Asia.

The company said Inspira Global's shareholding will increase to 48.04% upon the exercise of all warrants, backed by a further capital infusion of INR 450 crore into the business.

Restaurant Brands Asia's board has also approved the appointment of Madhusudan Agrawal as chairman and Aayush Agrawal as a non-executive director.

The company will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with their respective franchisors, both of which are owned by Restaurant Brands International.

Restaurant Brands Asia added that the franchise agreements for Burger King in India and Indonesia have recently been extended until 2050, providing long-term visibility for the business and supporting its growth plans across both markets.

With the fresh infusion of equity and added leadership strength, the Company will continue to focus on expanding its restaurant network, enhancing customer experience, investing in technology and digital capabilities, strengthening operational excellence and creating sustainable long-term value for all stakeholders.
 

Madhusudan Agrawal, chairman, Restaurant Brands Asia, said, "Today marks the beginning of an exciting new chapter for Restaurant Brands Asia. We are inheriting a business built on strong brands, exceptional people and sound operating fundamentals. Our role is not to change what has made the business successful, but to strengthen it with patient capital, disciplined governance and a long-term perspective. We are committed to working closely with the existing leadership team to build on this strong foundation and create enduring value for our shareholders, employees, franchise partners and customers."

Aayush Agrawal, director, Restaurant Brands Asia, added, "This acquisition reflects our conviction in India's long-term consumption story and our belief that enduring businesses are built through operational excellence, customer obsession and disciplined execution. We have tremendous respect for what the existing leadership team has built and look forward to working together to accelerate the next phase of growth to build one of the most admired food service businesses in the region."