Restaurant Brands Asia Limited (RBA), which operates Burger King in India and Burger King and Popeyes in Indonesia, has announced the successful completion of its acquisition by Inspira Global. The deal was executed through Inspira’s food and beverage platform, Lenexis Foodworks Private Limited, which has now taken control of the company.
The transaction closed after the mandatory open offer concluded successfully, all regulatory approvals were secured, and customary closing conditions were fulfilled. With a total investment of Rs 2,235 crore, the deal ranks among the largest in India’s quick-service restaurant space. Inspira Global now holds a 41.78% stake in RBA, a figure that could rise to 48.04% upon full warrant exercise, backed by an additional infusion of Rs 450 crore.
As part of the transition, RBA’s board has appointed Madhusudan Agrawal as Chairman and Aayush Agrawal as a non-executive director. The company will continue running its Burger King and Popeyes operations under existing master franchise agreements with Restaurant Brands International, both of which were recently extended through 2050, offering long-term stability across India and Indonesia.
Madhusudan Agrawal said the focus going forward is on strengthening an already solid foundation through patient capital, disciplined governance, and long-term thinking, rather than disrupting what has worked. Aayush Agrawal echoed this, calling the deal a reflection of confidence in India’s consumption growth story and the existing leadership’s operational strength.
With fresh capital and expanded leadership, RBA plans to accelerate restaurant network expansion, elevate customer experience, invest in technology, and drive long-term value creation for stakeholders.
