Restaurant Brands Asia Ltd has subscribed to 35,000 redeemable cumulative non-convertible preference shares in its subsidiary, PT Sari Burger Indonesia, for an aggregate amount of IDR 35,000,000,000. The transaction was completed on June 22, 2026. The investment strengthens the company's stake in its Indonesian operations.

The preference shares carry a nominal value of IDR 1,000,000 per share. This capital infusion is equivalent in Indian Rupees, though the specific conversion rate was not disclosed in the filing. The move follows an earlier intimation dated April 24, 2026, which outlined the company's intent to invest in the Indonesian subsidiary.

The disclosure was made to the stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the investment align with the requirements of the SEBI Master Circular dated January 30, 2026.

Investment Details

The filing was signed by Shweta Sunil Mayekar, Company Secretary and Compliance Officer of Restaurant Brands Asia Ltd. The company, formerly known as Burger King India Limited, operates quick-service restaurants and is expanding its footprint in the Indonesian market through this subsidiary.

Lenexis Foodworks Private Limited and other acquirers have initiated a mandatory open offer to acquire up to 20,80,61,717 equity shares, representing 26.00% of the expanded voting share capital of Restaurant Brands Asia Limited . The offer price is ₹70.00 per share, with an additional applicable interest of ₹0.39 per share, resulting in a total consideration of up to ₹14,64,54,64,260. The offer follows a preferential allotment that reduced the promoter's stake to 9.22% and is subject to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The tendering period for the open offer commences on June 8, 2026, and concludes on June 19, 2026. Public shareholders can tender their shares through the stock exchange mechanism provided by BSE and NSE. The offer is not conditional upon a minimum level of acceptance. Motilal Oswal Investment Advisors Limited acts as the manager to the offer, and MUFG Intime India Private Limited is the registrar.

Offer Details

Statutory Approvals and Timelines

The Competition Commission of India approved the transaction on May 20, 2026, and the stock exchanges granted in-principle approval on February 27, 2026. The letter of offer was dispatched to shareholders identified as of May 22, 2026, by May 30, 2026. The last date for payment of consideration to accepting shareholders is July 6, 2026. The independent directors committee has recommended the offer, stating the price is fair and reasonable.