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Burger King India gets SEBI’s permission to float IPO.
January 29, 2020
Market regulator SEBI has permitted the quick-service restaurant chain, Burger King, to float an IPO.
The multinational fast food restaurant, Burger King offer consists of the issue of equity shares aggregating up to Rs. 400cr and an offer for sale of up to 6cr equity shares by QSR Asia.
The initial share sale is being controlled by Kotak Mahindra Capital Company, CLSA India Pvt Ltd, Edelweiss Financial Services and JM Financial. The company shares are preferred to be listed on the BSE and the NSE
This decision was taken by Everstone (who own branded restaurants of Burger King) as a strategy to liquidate its investment.
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