Restaurant Brands Asia Allots 70,830 Equity Shares Under ESOP Scheme 2015

1 min read     Updated on 03 Feb 2026, 04:40 PM
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Overview

Restaurant Brands Asia Limited allotted 70,830 equity shares under its ESOP Scheme 2015 on February 3, 2026, following approval by the Nomination and Remuneration Committee. The shares, with a face value of Rs. 10 each, were allotted to eligible employees who exercised their stock options. This allotment increased the company's paid-up equity share capital from Rs. 5,82,74,69,050 to Rs. 5,82,81,77,350, adding Rs. 7,08,300 to the capital base.

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Restaurant Brands Asia Limited has completed the allotment of 70,830 equity shares under its BK Employee Stock Option Scheme, 2015, following the exercise of stock options by eligible employees. The allotment was approved by the company's Nomination and Remuneration Committee during a meeting held on February 3, 2026.

Meeting Details and Approval

The Nomination and Remuneration Committee meeting commenced at 10:09 a.m. (IST) and concluded at 10:55 a.m. (IST) on Tuesday, February 3, 2026. The committee approved the allotment of 70,830 fully paid-up equity shares with a face value of Rs. 10 each. The allotment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital Impact

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects. The allotment has resulted in a consequent increase in the company's issued and paid-up equity share capital.

Particulars No. of Shares Amount (in Rs.)
Prior allotment capital (FV Rs. 10 each) 58,27,46,905 5,82,74,69,050
Equity shares allotted under ESOP (FV Rs. 10 each) 70,830 7,08,300
Post allotment capital (FV Rs. 10 each) 58,28,17,735 5,82,81,77,350

ESOP Scheme Framework

The allotment was executed under the BK Employee Stock Option Scheme, 2015, which enables eligible employees to exercise their stock options and acquire equity shares in the company. This employee stock option scheme forms part of the company's employee compensation and retention strategy.

Regulatory Compliance

The company has informed both BSE Limited (Scrip Code: 543248) and National Stock Exchange of India Limited (Symbol: RBA) about the allotment in compliance with the SEBI Listing Regulations. The notification was signed by Company Secretary and Compliance Officer Shweta Mayekar (Membership No.: A23786) and submitted to the respective stock exchanges for record purposes.

Historical Stock Returns for Restaurant Brand Asia (Burger King)

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Restaurant Brands Asia Open Offer: Lenexis Foodworks Consortium Seeks 26% Stake at ₹70 per Share

3 min read     Updated on 28 Jan 2026, 12:53 PM
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Overview

Lenexis Foodworks Private Limited and consortium partners have announced a mandatory open offer to acquire 20,80,61,717 equity shares (26% stake) of Restaurant Brands Asia Limited at ₹70 per share for ₹1,456.43 crores total consideration. The transaction involves acquiring existing shares from current promoters and subscribing to new shares and warrants, enabling the consortium led by Mr. Aayush Madhusudan Agrawal to gain control of the Burger King India master franchisee. The offer price represents the highest negotiated price under underlying agreements and exceeds recent market averages, with completion subject to regulatory approvals including CCI clearance.

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Lenexis Foodworks Private Limited and its consortium partners have launched a mandatory open offer to acquire a significant stake in Restaurant Brands Asia Limited , the master franchisee of Burger King in India and operator of Burger King and Popeyes brands in Indonesia.

Open Offer Details

The consortium, comprising Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal, along with Inspira Agro Trading LLC as a person acting in concert, seeks to acquire up to 20,80,61,717 equity shares representing 26.00% of the expanded voting share capital.

Parameter Details
Offer Price ₹70.00 per share
Total Shares Sought 20,80,61,717
Stake Percentage 26.00%
Total Consideration ₹1,456.43 crores
Face Value ₹10 per share

Transaction Structure

The open offer stems from two underlying transactions that will result in the consortium acquiring control of Restaurant Brands Asia. The first involves a share purchase agreement (SPA) where the consortium will acquire 6,56,23,091 existing equity shares from current promoters QSR Asia Pte. Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd.

The second component involves a securities subscription agreement (SSA) for preferential allotment of new securities:

Security Type Quantity Allocation Consideration
Subscription Shares 12,85,71,428 Primarily to Lenexis Foodworks ₹899.99 crores
Subscription Warrants 8,57,14,285 To Lenexis Foodworks ₹599.99 crores

Acquirer Profile

Lenexis Foodworks Private Limited, the lead acquirer, operates as one of India's largest homegrown QSR operators with a network of over 250 kitchens across more than 45 cities. The company operates popular brands including Chinese Wok, Big Bowl, and The Momo Co. Mr. Aayush Madhusudan Agrawal, who controls the consortium, holds a 97.94% stake in Lenexis Foodworks.

The consortium's financial performance shows:

Entity Revenue (₹ crores) Net Income (₹ crores) Period
Lenexis Foodworks 308.82 (81.27) Dec 31, 2025 (9 months)
Aayush Agrawal Trust 44.85 25.43 Dec 31, 2025 (9 months)

Offer Price Justification

The offer price of ₹70 per share has been determined in accordance with Regulation 8 of SEBI (SAST) Regulations, representing the highest of prescribed parameters. This price equals the negotiated price under the underlying agreements and exceeds the volume-weighted average market price of ₹64.96 for the 60 trading days preceding the public announcement.

Target Company Overview

Restaurant Brands Asia Limited operates as the master franchisee for Burger King in India and manages Burger King and Popeyes brands in Indonesia through subsidiaries. The company's recent financial performance includes:

Metric H1 FY26 FY25 FY24
Total Revenue (₹ crores) 1,431.37 2,581.89 2,455.56
Net Income (₹ crores) (108.76) (232.79) (236.74)
EPS (₹) (1.73) (4.33) (4.40)

Regulatory Approvals and Timeline

The transaction requires Competition Commission of India (CCI) approval and in-principle approval from stock exchanges for the preferential issue. The consortium has established financial arrangements including a cash escrow deposit of ₹14.60 crores and a bank guarantee of ₹220.65 crores to meet SEBI requirements.

The tentative timeline indicates the tendering period will commence on March 17, 2026, and close on April 02, 2026, with payment completion expected by April 20, 2026. The offer remains subject to statutory approvals and may be withdrawn if required approvals are not obtained.

Strategic Implications

Upon completion, the consortium will acquire control of Restaurant Brands Asia and become its promoters, while existing promoters will cease their promoter status. The acquirers have indicated no intention to delist the company and have committed to maintaining minimum public shareholding requirements as per regulatory norms.

Historical Stock Returns for Restaurant Brand Asia (Burger King)

1 Day5 Days1 Month6 Months1 Year5 Years
-0.06%-1.12%-2.64%-24.57%-16.66%-54.43%
Restaurant Brand Asia (Burger King)
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1 Year Returns:-16.66%