Restaurant Brands Asia Closes QIP, Sets Issue Price at ₹60 per Share

Restaurant Brands Asia Limited (RBAL), the operator of Burger King in India, has successfully concluded its Qualified Institutional Placement (QIP) issue. The company's board approved the closure of the QIP and set the issue price at ₹60 per share. This price represents a slight premium over the closing price of ₹63.15 on March 25, 2025. The QIP aimed to raise ₹500 crore to support RBAL's expansion plans and strengthen its capital base. This fundraising effort comes as RBAL continues to grow its presence in the Indian quick-service restaurant market, with 391 restaurants as of March 31, 2023. The successful QIP underscores investor confidence in RBAL's growth strategy and market position.

 

Source: Restaurant Brands Asia Limited