Restaurant Brands Asia (RBA), the master franchisee of Burger King in India and Burger King and Popeyes in Indonesia, has announced that Inspira Global will acquire a controlling stake in the company, subject to regulatory and shareholder approvals. The transaction will result in the complete exit of existing promoter QSR Asia, which is majority owned by Everstone Capital, in line with its planned investment lifecycle.
The acquisition will be executed through Lenexis Foodworks, Inspira Global’s food and beverage arm with over a decade of experience in the QSR sector. Lenexis currently owns and operates more than 250 Chinese Wok restaurants across 45+ cities in India. As part of the deal, Inspira Global will acquire QSR Asia’s entire 11.26% shareholding in RBA for approximately ₹460 crore. In addition, the group plans to infuse around ₹900 crore through a preferential equity allotment and a further ₹600 crore via preferential warrants. These investments will trigger an open offer to RBA’s public shareholders, in compliance with SEBI Takeover Regulations.
RBA’s leadership clarified that the company will continue to operate with its existing management team, organisational structure, and brand identity intact, ensuring continuity in execution and strategy. The move is expected to provide long-term capital support and strategic alignment to accelerate growth across markets.
Inspira Global has positioned the acquisition as a long-term value creation opportunity, aimed at unlocking the full potential of the high-growth QSR segment. Restaurant Brands International, the global owner of Burger King and Popeyes, welcomed the development, expressing confidence that the partnership will build on RBA’s strong operational foundation.
With over 575 Burger King outlets established in India over the past 12 years, the transaction signals a significant transition-passing the baton from a private equity-led growth phase to a promoter focused on sustained expansion, operational excellence, and brand stewardship.
