Burger King India files for $73m IPO, promoter QSR Asia to partially exit

Source: dealstreetasia.com

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Burger King India Ltd, one of the fastest-growing quick service restaurant chains in the country filed its draft prospectus for an initial public offering (IPO) with markets regulator Securities and Exchange Board of India (SEBI). The IPO, a combination of fresh issue and offer for sale, looks to raise ₹ 542 crore as fresh capital while its promoter—QSR Asia Pte Ltd will partially exit via an offer for sale of 6 crore equity shares. The firm plans to use net proceeds from the fresh capital to roll out new restaurants in the country. It plans to have about 700 restaurants,...