Burger King India raises nearly $50 million from GIC and other anchor investors as IPO opens – Business News , Firstpost

Fast-food big Burger King goals to lift Rs 810 crore from its Initial Public Offering going stay on 2 December 2020.

Quick-service restaurant chain Burger King India Limited has raised Rs 364.5 crore from anchor investors on 1 December 2020, forward of its public situation opening. Burger King India allotted 60.75 million shares to about two dozen anchor investors at Rs 60 apiece, it stated in a inventory-trade submitting. The BSE (Bombay Stock Exchange) round which experiences this additionally has the Burger King inventory-trade submitting hooked up.

Sundaram MF, Steinberg India Emerging Opportunities Fund, ICICI Prudential, Samsung India Securities, Nippon Life, Fidelity Funds, Government of Singapore, Eastspring Investments India, Aditya Birla Sun Life Trustee, Elara India Opportunities Fund, IDFC MF, SBI MF, Monetary Authority of Singapore, HDFC MF and Amansa Holdings are among the investors that participated in anchor e-book.

Burger King India will open its IPO (Initial Public Offering) on 2 December 2020 for a period of three days lasting until 4 December 2020 planning to lift Rs 810 crore.

The quick-meals chain was the quickest-rising worldwide QSR chain in India in the course of the first 5 years of their operations, based mostly on the variety of eating places. The Burger King model is the second-largest quick-meals burger model globally as measured by the whole variety of eating places, with a worldwide community of over 18,000 eating places in additional than 100 nations and US territories, as of 30 June 2019.

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