Lenexis Foodworks Completes Open Offer to Acquire 14.48% Stake in Restaurant Brands Asia
India, July 9 -- Besides the compliance updates, the latest exchange filing also confirms that the ownership transition at the company has almost completed with the incoming promoter group consolidating its grip over Burger King India. The deal doesn't immediately change the company's operations but sets the stage for the strategic direction of the new promoters.
Shares of Restaurant Brands Asia Limited were trading at Rs 74.85, up by 3.33 percent from the previous close of Rs 72.39. The stock opened at Rs 73, touching an intraday high of Rs 75.23 and a low of Rs 72.61. The company currently commands a market capitalization of Rs. 4,377 crore.
What happened?
Restaurant Brands Asia Ltd., the master franchisee of Burger King in India, has...
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