Restaurant India News: Inspira Global to Buy Burger King India Operator RBA as Everstone Exits

Inspira Global, the company behind the Chinese Wok quick service restaurant chain, is set to acquire Restaurant Brands Asia (RBA), the master franchisee of Burger King in India. As part of the transaction, Everstone Capital will fully exit RBA by selling its 11.3 percent stake to Inspira Global for around Rs 460 crore. The move comes at a time when the quick service restaurant segment is witnessing pressure due to muted consumer spending.

According to regulatory filings, Inspira Global, promoted by Aayush Agrawal and Madhusudan Agrawal, has also proposed fresh capital infusion into RBA. This includes a preferential issue of equity shares worth about Rs 900 crore and a preferential allotment of warrants amounting to Rs 600 crore. Everstone Capital held its stake in RBA through its investment arm, OSR Asia. The transaction has been finalised at close to a 10 percent premium to RBA’s closing share price of Rs 64 on the BSE on Tuesday.

Restaurant Brands Asia operates Burger King outlets in India and Indonesia and also manages the Popeyes brand in Indonesia. In India, Burger King competes with established quick service restaurant players such as McDonald’s and KFC and has a network of over 575 outlets across the country.

The acquisition will help Inspira Global strengthen its presence in the quick service restaurant category and scale its market share. Through its food and beverage division, Lenexis Foodworks, Inspira Global already operates more than 250 Chinese Wok outlets across over 45 cities in India.

“The investment strengthens Inspira Global's focus on consumer businesses and deepens our presence in the high-growth QSR segment,” said Aayush Agrawal.