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Burger King India raises almost $50 million from GIC and different anchor buyers as IPO opens – Enterprise Information , Firstpost

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Quick-food big Burger King goals to boost Rs 810 crore from its Preliminary Public Providing going dwell on 2 December 2020.

Fast-service restaurant chain Burger King India Restricted has raised Rs 364.5 crore from anchor buyers on 1 December 2020, forward of its public situation opening. Burger King India allotted 60.75 million shares to about two dozen anchor buyers at Rs 60 apiece, it mentioned in a stock-exchange submitting. The BSE (Bombay Inventory Change) circular which stories this additionally has the Burger King stock-exchange submitting hooked up.

Sundaram MF, Steinberg India Rising Alternatives Fund, ICICI Prudential, Samsung India Securities, Nippon Life, Constancy Funds, Authorities of Singapore, Eastspring Investments India, Aditya Birla Solar Life Trustee, Elara India Alternatives Fund, IDFC MF, SBI MF, Financial Authority of Singapore, HDFC MF and Amansa Holdings are among the buyers that participated in anchor ebook.

Burger King India will open its IPO (Preliminary Public Providing) on 2 December 2020 for a length of three days lasting until 4 December 2020 planning to boost Rs 810 crore.

The fast-food chain was the fastest-growing worldwide QSR chain in India in the course of the first 5 years of their operations, primarily based on the variety of eating places. The Burger King model is the second-largest fast-food burger model globally as measured by the overall variety of eating places, with a worldwide community of over 18,000 eating places in additional than 100 international locations and US territories, as of 30 June 2019.

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