Restaurant Brands Asia raises Rs 1,500 cr from Lenexis via preferential allotment at Rs 70/share
Burger King India operator allotted 12.86 cr shares worth Rs 900 cr and 8.57 cr warrants worth Rs 600 cr to Lenexis Foodworks after a consortium open offer. Q4 net loss narrowed to Rs 60.44 cr on revenue of Rs 632.55 cr; SSSG at 5.1% across 513 restaurants.
Burger King India operator Restaurant Brands Asia allotted Rs 1,500 crore of shares and warrants at Rs 70 apiece to Lenexis Foodworks, following a consortium open offer. Q4 loss narrowed to Rs 60 crore; footprint at 513 stores.
Why this matters
Capital raise follows the Lenexis-Inspira consortium's Rs 1,465-cr open offer for 26% of Restaurant Brands Asia at Rs 70/share, cementing new ownership at the Burger King India operator amid narrowing losses and 5.1% SSSG.
Retail-company activity steady at 1,694 signals over the last 90 days.