Restaurant India News: Inspira Global Plans ₹2,000 Crore Fundraise to Acquire Controlling Stake in RBA

Ajanta Pharma promoters are exploring financing options of up to ₹2,000 crore to support the acquisition of a controlling stake in Restaurant Brands Asia (RBA), the master franchisee of Burger King® in India and Burger King® and Popeyes® in Indonesia.
 

he proposed fundraise is expected to be structured through a combination of promoter-level loans and debt at the operating company level. 

While discussions with lenders are underway, the financing structure is still being finalised and no bank has been formally appointed. Barclays and Standard Chartered are among the lenders that have been approached, as per reports.

The move comes alongside Inspira Global promoted by Aayush Agrawal and Madhusudan Agrawal entering into a definitive agreement to infuse fresh capital into RBA. The investment includes ₹900 crore via a preferential equity issue and an additional ₹700 crore through warrants priced at ₹70 per share, representing nearly a 10% premium to RBA’s recent closing price of ₹64 on the BSE.

Private equity firm Everstone Capital, which holds an 11.26% stake in RBA through OSR Asia, is preparing to exit its entire holding as part of the transaction. RBA currently has a market capitalisation of approximately ₹3,800 crore.

Lenders are evaluating leverage levels, cash-flow visibility and collateral structures before committing to the deal.

Through its food and beverage division, Lenexis Foodworks, Inspira Global already operates more than 250 Chinese Wok outlets across over 45 cities in India.