Restaurant Brands Asia, formerly known as Burger King India, saw significant stock movement on September 15 as eight investors acquired nearly 24% equity stake in the company. This came after the promoter QSR Asia sold over 25% of its shareholding through open market transactions.
Shares of Restaurant Brands Asia reached a high of 6.7% during Friday’s trading session and hit a fresh 52-week high at ₹137.85 apiece. The stock settled at ₹128.35 apiece on the BSE, marking a 6.34% increase.
The investors who purchased a stake in the quick-service restaurant chain include Tata Mutual Fund, TD Emerging Markets Fund, Plutus Wealth Management LLP, Amal N Parikh, Quant Mutual Fund, ICICI Prudential Life Insurance Company, Goldman Sachs Funds-Goldman Sachs Asia Equity Portfolio, and Franklin Singapore 3 Banken Asia Stock-Mix. These investors collectively bought a 23.92% stake or 11.83 crore equity shares in the company, according to block deal data on NSE.
This development indicates a growing interest in Restaurant Brands Asia among institutional investors. The entry of these investors can bring fresh perspectives and potential growth opportunities to the company.
With the acquisition of a significant stake by these investors, it will be interesting to see how Restaurant Brands Asia capitalizes on this new capital infusion and makes strategic moves to further expand its presence in the market.
Definitions:
– Equity stake: Ownership interest in a company represented by shares of stock.
– Open market transactions: Buying or selling securities on the open market, rather than through a private transaction.
– Block deal: A trade involving a large number of securities, typically bought or sold outside of the open market.
Sources:
– NSE Block Deal Data
– BSE Stock Market Data