Everstone Capital Divests 2.16% Stake in Restaurant Brands Asia for Rs 113 Crore

Everstone Capital, a promoter entity, divested a 2.16% stake in Restaurant Brands Asia for Rs 113 crore through an open market transaction. Mirae Asset Mutual Fund acquired this stake. Restaurant Brands Asia, previously Burger King India Ltd, is part of the US-based Restaurant Brands International Inc., which owns Tim Hortons, Burger King, Popeyes, and Firehouse Subs.

Representative image

Stake Sale Details

According to NSE block deal data, Everstone Capital's investment arm, QSR Asia Pte, sold over 1.07 crore shares of Restaurant Brands Asia. This sale represented a 2.16% stake in the company. The shares were sold at an average price of Rs 105 each, amounting to a total transaction value of Rs 112.83 crore.

Post-sale, Everstone Capital's holding in Restaurant Brands Asia decreased from 15.33% to 13.17%. Mirae Asset Mutual Fund purchased these shares at the same price, as per NSE data. Following this transaction, shares of Restaurant Brands Asia increased by 2.83%, closing at Rs 107 each on the NSE.

Company Background and Market Presence

Restaurant Brands International is among the largest quick service restaurant companies globally. It boasts annual sales exceeding USD 40 billion and operates over 30,000 restaurants across more than 120 countries and territories. Everstone Capital is part of the Everstone Group, a leading investment group in Asia with assets worth USD 7 billion across private equity and venture capital sectors.

The strategic move by Everstone Capital reflects its ongoing investment management strategy while providing Mirae Asset Mutual Fund an opportunity to strengthen its portfolio with a stake in a prominent quick service restaurant operator.