Everstone Capital Sells Stake in Restaurant Brands Asia for Rs 113 Crore

Everstone Capital sold a 2.16% stake in Restaurant Brands Asia for Rs 113 crore through an open market transaction, with Mirae Asset Mutual Fund acquiring the shares. Restaurant Brands Asia owns major QSR brands like Tim Hortons and Burger King. Post-sale, Everstone's stake in RBA declined to 13.17% from 15.33%.

In a significant transaction, Everstone Capital divested a 2.16% stake in Restaurant Brands Asia for Rs 113 crore on Wednesday.

The shares, picked up by Mirae Asset Mutual Fund, highlight strong investor interest. Restaurant Brands Asia, linked to US-based Restaurant Brands International, includes QSR giants like Burger King and Tim Hortons.

Post-sale, Everstone's stake reduced to 13.17% from 15.33%, while Restaurant Brands Asia's shares saw a 2.83% rise, closing at Rs 107 each on the NSE.

(With inputs from agencies.)