Private equity firm Everstone Capital is set to divest its entire 11.26% stake in Restaurant Brands Asia Ltd, the listed master franchisee operating Burger King in India and Indonesia. The stake, held through Everstone’s vehicle QSR Asia Pte Ltd and valued at around $57 million, reflects growing consolidation pressure in the quick-service restaurant (QSR) sector.
The family office of the promoters of Ajanta Pharma has emerged as the prospective strategic investor, planning an infusion of up to Rs. 800 crore into Restaurant Brands Asia. While the exact share to be acquired is not officially disclosed, sources indicate the Ajanta family office may progressively increase its holding, potentially moving toward a majority stake as other shareholders exit.
Restaurant Brands Asia’s board is scheduled to meet to evaluate the fundraising proposal, which, if approved, could provide fresh capital for expansion and competitive positioning against larger peers in India’s dynamic fast-food market.
The potential shift from private equity ownership to promoter-family strategic control underscores evolving investor dynamics in India’s QSR segment, where capital deployment and consolidation remain key themes.
