Everstone to exit Burger King operator Restaurant Brands Asia: Report

Everstone Capital is planning to sell its entire 11.26% stake in Restaurant Brands Asia, the operator of Burger King outlets in India and Indonesia, Reuters reported.

Written by FE Business

January 19, 2026 17:56 IST

Everstone holds its stake through QSR Asia Pte Ltd. The 11.26% holding is valued at about $57 million, or roughly Rs 5,000 crore, according to Refinitiv data. Restaurant Brands Asia has a market capitalisation of about $437 million, or around Rs 40,000 crore, as per the Reuters report.

Everstone Capital is planning to sell its entire 11.26% stake in Restaurant Brands Asia Ltd, the operator of Burger King outlets in India and Indonesia, Reuters reported.

A deal is expected to be announced on Tuesday, January 20, according to Reuters. Financialexpress.com could not verify the news independently. We have written to the brand and will update the copy as soon as they get back.

Restaurant Brands Asia had informed stock exchanges last week that its board would meet on Tuesday to consider and evaluate a fund-raising proposal.

Ajanta Pharma family office to come in as strategic investor

Reuters report highlighted as a part of the transaction, Restaurant Brands Asia is set to bring in a new strategic investor, the family office of Ajanta Pharma Ltd, which runs restaurant chains such as Chinese Wok and Big Bowl under Lenexis FoodWorks. The Ajanta family is expected to inject up to Rs 800 crore into the company, the sources said.

The exact stake to be acquired by the Ajanta family office was not immediately clear. However, the sources told Reuters it is considering increasing its holding over time, potentially taking a majority stake as other shareholders exit.

Everstone stake valued at $57 million

Everstone holds its stake through QSR Asia. The 11.26% holding is valued at about $57 million, or roughly Rs 5,000 crore, according to Refinitiv data. Restaurant Brands Asia has a market capitalisation of about $437 million, or around Rs 40,000 crore, as per the Reuters report.

The Reuters report stated that Everstone and Restaurant Brands Asia declined to comment, while the Ajanta Pharma family office did not respond to a request for comment to Reuters.

Sector consolidation gathers pace

The proposed exit comes amid consolidation in India’s fast-food industry. Operators of KFC and Pizza Hut in India, Sapphire Foods India Ltd and Devyani International Ltd, are in the process of merging in a $934-million transaction, creating one of the country’s largest quick-service restaurant platforms.