PE-VC Fund Investments
Ajanta Pharma’s food biz Inspira seals Rs.1,800-Cr private credit for Burger King buy
Mumbai-headquartered Inspira Global , a closely held food business of the Ajanta Pharma promoters, has lined up INR 1,800 crore in private credit financing, including INR 1,050 crore from 360 ONE, to fund its acquisition of a controlling stake in the operator of Burger King in India.The acquisition is being executed through Lenexis Foodworks, Inspira's food and beverage arm, which operates quick-service restaurant brands such as Chinese Wok, Big Bowl and The Momo Co.Inspira has already raised INR 1,050 crore through non-convertible debentures (NCDs) issued by its subsidiary, Lenexis Foodworks, while the remaining INR 800 crore is expected to be raised this month.
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