Burger King India IPO to raise upto Rs 810 crore

November 27, 2020 10:53 pm | Updated July 04, 2021 05:35 pm IST - Mumbai

Burger King India IPO to raise up to ₹810 crore

Burger King India Ltd., which runs a quick-service restaurant chain, said it would open its initial public offering (IPO) for bids on December 2 at a price band of ₹59-₹60 apiece. The firm aims to raise up to ₹810 crore at the upper band.

The IPO closes on December 4.

The IPO comprises of a fresh issue of shares aggregating up to ₹450 crore by the company and an offer for sale of up to 60,000,000 equity shares by promoting selling shareholder QSR Asia Pte aggregating ₹360 crore at the upper band. Bids can be made for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter, the company The proceeds will be used for opening new company-owned restaurants and general corporate purposes.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.