Lenexis Foodworks Private Limited has acquired a controlling stake of 11.26% in Restaurant Brands Asia Limited for approximately ₹460 crore from the existing promoter and member of promoter group of the Company, namely QSR Asia Pte. Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd
The transaction also includes a proposed infusion of nearly ₹1,500 crore via subscription to equity shares and warrants of the Company by way of a preferential issue, triggering an open offer for an aggregate consideration of up to ₹3,416 crore.
Cyril Amarchand Mangaldas is acting as legal counsel to Restaurant Brands Asia and QSR Asia on this transaction.
The transaction team is led by Shubham Rastogi (Partner), with assistance from Swini Khara (Senior Associate), Varun Kannan (Senior Associate) and Coral Shah (Associate).
Anchal Dhir (Partner) provided strategic inputs on the transaction.
Avaantika Kakkar (Partner, Head-Competition) assisted with preliminary assessment on competition law aspects with assistance from Pushkar Singh (Associate).
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