Private Equity

Liquidity Events

Everstone sells 2.16% stake in Restaurant Brands Asia for Rs.113-Cr

Rediff  

Everstone Capital has sold a 2.16 per cent stake in Restaurant Brands Asia (RBA, which operates Burger King India) for INR 112.84 crore on September 18, 2024 through a bulk deal on the NSE.Everstone Capital, via its unit QSR Asia Pte, sold more than 1.07 crore shares at an average price of INR 105 apiece, aggregating to INR 112.83 crore. After the stake sale, Everstone's stake in RBA has declined to 13.17 per cent from 15.33 per cent.

Between Mar-14 and Mar-20, Burger King India had raised over USD 120 M from Everstone. The company went public in Dec-20, as part of which, Everstone made a part exit. It subsequently sold more shares in Sep-23.