Restaurant Brands Asia Limited (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, has announced the successful completion of its acquisition by Inspira Global through its food and beverage platform, Lenexis Foodworks Private Limited.

The transaction was completed following the successful conclusion of the mandatory open offer, receipt of all required regulatory approvals, and fulfilment of customary closing conditions. Valued at approximately ₹2,235 crore, the deal is among the largest acquisitions in India's quick-service restaurant (QSR) sector.

Following the completion of the transaction, Inspira Global holds a 41.78 percent stake in Restaurant Brands Asia. Upon the exercise of all warrants, the group's shareholding will increase to 48.04 percent through an additional equity infusion of ₹450 crore. The company's board has also approved the appointment of Madhusudan Agrawal as Chairman and Aayush Agrawal as a Non-Executive Director.

Restaurant Brands Asia will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with Restaurant Brands International Inc. The agreements for Burger King operations in India and Indonesia have recently been extended until 2050, providing long-term operational continuity and supporting the company's future expansion plans.

Commenting on the completion of the transaction, Madhusudan Agrawal, Chairman of Restaurant Brands Asia Limited, said the acquisition marks the beginning of a new chapter for the company. He noted that the focus will remain on strengthening an already established business through patient capital, disciplined governance, and a long-term growth strategy while working closely with the existing leadership team.

Aayush Agrawal, Director of Restaurant Brands Asia Limited, said the acquisition reflects the group's confidence in India's long-term consumption story and its commitment to building a leading food service business through operational excellence, customer-centricity, and disciplined execution.

Backed by fresh capital and an expanded leadership team, Restaurant Brands Asia plans to accelerate restaurant expansion, enhance customer experience, strengthen technology and digital capabilities, improve operational excellence, and create sustainable long-term value for all stakeholders.

Inspira Global is an Indian business group with interests across real estate, food and beverage, pharmaceuticals, luxury home products, and clean energy. Its food and beverage platform, Lenexis Foodworks, operates quick-service restaurant brands including Chinese Wok, The Momo Co., and Big Bowl across India.

Restaurant Brands Asia Limited serves as the national master franchisee for Burger King in India and also operates Burger King and Popeyes restaurants in Indonesia through its subsidiaries.