Big change in Burger King India: Ajanta Pharma promoters will buy controlling stake, will raise Rs 1800 crore…

Read Business Desk. A major change may be seen in the operations of Burger King India in India. Inspira Global, the food company of the promoters of Ajanta Pharma, is now preparing to buy the controlling stake of Burger King India. The company is raising private credit funding of Rs 1,800 crore for this deal. If this deal is completed, control of Burger King India may come into the hands of Inspira Global.

According to sources, 360 One is the largest investor in this funding, which alone is investing Rs 1,050 crore. Inspira Global will make this acquisition through its food and beverage unit Lenexis Foodworks.

Funding of Rs 1,050 crore already raised

According to the information, Inspira Global has already raised funding of Rs 1,050 crore by issuing non-convertible debentures (NCDs) through its subsidiary Lenexis Foodworks. This amount will be used to buy controlling stake in Burger King India.

The remaining Rs 800 crore will be raised this month

Out of the total funding of Rs 1,800 crore, about Rs 800 crore is still to be raised. It is expected that the company will also raise this amount through private credit this month. After this the acquisition process will be taken forward.

Who operates Burger King India?

Burger King’s quick service restaurant (QSR) business in India is operated by Restaurant Brands Asia. Inspira Global is preparing to buy controlling stake in this company. After this deal, major changes can be seen in the management and operations of the company.

Lenexis Foodworks already strong in QSR business

Inspira Global’s food unit Lenexis Foodworks is already active in India’s quick service restaurant (QSR) sector. The company Chinese Wok, Big Bowl and The Momo Co. Like operates popular food brands. After purchasing stake in Burger King India, the company’s presence in the QSR sector may become stronger.

Who are the owners of Inspira Global?

Inspira Global is owned by Ayush Madhusudan Agarwal and Madhusudan Agarwal of the promoter family of Ajanta Pharma. Both the promoters are expanding the food business through this group. Now the potential investment in Burger King India is being considered as one of the biggest expansion steps of the company.

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