Inspira Global to buy controlling stake in Burger King India operator RBA

Inspira Global, promoted by Aayush Agrawal and Madhusudan Agrawal, will buy a controlling stake in Mumbai-based publicly listed Restaurant Brands Asia , which operates the Burger King restaurant chain in India, by buying out Everstone Capital’s stake for INR 460 crore and a fresh capital infusion of INR 1,500 crore.Inspira Global will invest through its food and beverage arm, Lenexis Foodworks, which has been in the quick-service restaurant business for more than a decade. The transactions will take Inspira’s stake in RBA close to 35%, triggering an open offer for an additional 26% stake at a price of INR 1,456 crore.Inspira has diversified interests spanning real estate, food and beverage, pharmaceuticals, luxury home products and clean energy.