Inspira Global Completes Rs 2,235 Crore Acquisition of Restaurant Brands Asia

Restaurant Brands Asia Limited (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, has completed the acquisition transaction under which Inspira Global, through its food and beverage platform Lenexis Foodworks Private Limited, has acquired control of the company.

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

With a total investment of approximately Rs 2,235 crore, the deal is among the largest transactions in India's quick-service restaurant sector. Following the completion of the acquisition, Inspira Global now holds 41.78 percent of Restaurant Brands Asia. Upon the exercise of all warrants, its total shareholding is expected to increase to 48.04 percent through an additional equity infusion of Rs 450 crore.

The company's board has also approved the appointment of Madhusudan Agrawal as Chairman and Aayush Agrawal as Non-Executive Director.

Restaurant Brands Asia said it will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with Restaurant Brands International Inc. The agreements for Burger King operations in India and Indonesia have recently been extended until 2050, providing long-term visibility for the business.

Madhusudan Agrawal, Chairman, Restaurant Brands Asia Limited, 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 Limited, 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."

Restaurant Brands Asia said it will continue to focus on expanding its restaurant network, strengthening digital capabilities, improving operational efficiency and enhancing customer experience while supporting long-term business growth.