Inspira Global has completed its acquisition of Restaurant Brands Asia Limited (RBA), which operates Burger King in India.
The transaction was completed after the mandatory open offer, receipt of required regulatory approvals and fulfilment of customary closing conditions, in line with applicable regulations. With a total investment of Rs 2,235 crore, the deal is among the largest transactions in India’s QSR sector. Following the acquisition, Inspira Global now holds a 41.78% stake in Restaurant Brands Asia.
The company said that if all warrants are exercised, Inspira Global’s shareholding will increase to 48.04% through an additional investment of Rs 450 crore. The board has also approved the appointment of Madhusudan Agrawal as Chairman and Aayush Agrawal as a non-executive director.
Following the completion of the transaction, Restaurant Brands Asia will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with Restaurant Brands International Inc. These agreements for Burger King in India and Indonesia have recently been extended until 2050, supporting the company’s long-term growth plans in both markets.
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, shared, “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.”
The company said the fresh capital and new leadership will support its plans to expand its restaurant network, improve customer experience, invest in technology and digital capabilities, strengthen operations and create long-term value for all stakeholders.
