Inspira Global is set to become the new promoter of Restaurant Brands Asia Ltd. (RBA), the company that operates Burger King outlets in India and Burger King and Popeyes restaurants in Indonesia. The deal comes as private equity firm Everstone Capital exits after more than a decade of backing the business.
Under the agreement announced on 21 January 2026, Inspira will acquire the entire 11.26 percent stake held by QSR Asia Pte. Ltd., Everstone’s investment vehicle, for about ₹460 crore, or ₹70 per share. This price is roughly 10 percent higher than the recent market close.
Beyond this stake purchase, Inspira plans to infuse fresh capital into RBA. This includes a preferential allotment of shares worth around ₹900 crore and warrants of approximately ₹600 crore. The combined transaction may lead to a mandatory open offer to RBA’s public shareholders under SEBI rules, potentially increasing Inspira’s holding and solidifying its control.
The acquisition will be carried out through Lenexis Foodworks Pvt. Ltd., Inspira’s food and beverage arm, which already operates over 250 Chinese Wok outlets across more than 45 cities in India. Existing management at RBA and its brand operations are expected to continue post-acquisition, ensuring business continuity.
Inspira Global describes the deal as a long‑term growth opportunity. With new capital and strategic support, RBA aims to strengthen its footprint in India’s fast‑evolving quick‑service restaurant sector.
Everstone’s exit marks the end of an era that began with launching India’s first Burger King outlet. The transaction highlights ongoing consolidation in the country’s fast-food market as companies reposition to meet rising consumer demand and competitive pressures.
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