Inspira Global, through Lenexis Foodworks, has completed the acquisition of a 41.78% controlling stake in Restaurant Brands Asia for about ₹2,235 crore. | Photo Credit: BENOIT TESSIER

Inspira Global, through its F&B arm, Lenexis Foodworks Private Ltd, has completed the acquisition of a 41.78 per cent controlling stake in Restaurant Brands Asia Ltd, the operator of Burger King in India and Popeyes in Indonesia.

“The transaction has been completed following the successful conclusion of the mandatory open offer, receipt of the requisite regulatory approvals and fulfilment of customary closing conditions, in accordance with applicable regulations,” Restaurant Brands Asia said in a statement on Tuesday.

“With a total investment of about ₹2,235 crore, the transaction marks one of the largest transactions in the Indian quick-service restaurant segment. Following the transaction, Inspira Global owns 41.78 per cent of the Company,” it added.

Upon exercise of all warrants, Inspira Global’s total shareholding in the Company would increase to 48.04 per cent upon the infusion of additional Rs 450 Crore into the Company.

Board reconstituted following the acquisition

The company’s board has approved the appointment of Madhusudan Agrawal as Chairman of the board and Aayush Agrawal as non-executive director.

Madhusudan Agrawal, Chairman, Restaurant Brands Asia Limited, said, “Today marks the beginning of an exciting new chapter for Restaurant Brands Asia. We are inheriting a business built on strong brands, exceptional people and sound operating fundamentals. Our role is not to change what has made the business successful, but to strengthen it with patient capital, disciplined governance and a long-term perspective. We are committed to working closely with the existing leadership team to build on this strong foundation and create enduring value for our shareholders, employees, franchise partners and customers.”

Existing franchise agreements to continue

RBA continues to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with the respective franchisors, both of which are owned by Restaurant Brands International Inc, the statement added.

Aayush Agrawal, Director, Restaurant Brands Asia Ltd, added, “This acquisition reflects our conviction in India’s long-term consumption story and our belief that enduring businesses are built through operational excellence, customer obsession and disciplined execution. We have tremendous respect for what the existing leadership team has built and look forward to working together to accelerate the next phase of growth to build one of the most admired food service businesses in the region.”

Published on July 7, 2026