Promoter QSR Asia Pte sells 25.4% stake in Restaurant Brands Asia for Rs 1,494 crore

As of June end, QSR Asia held a 40.8% stake in Restaurant Brands Asia. Following the sale, it holds a 15.4% stake in the food chain operator. The buyers of the shares could not be ascertained at the time of writing this report. Recent reports said that Everstone Capital was looking at selling its entire stake in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia and that it was in talks with Jubilant Foodworks, as well as a consortium of private equity firms Advent International and General Atlantic.