Restaurant Brands Asia Limited disclosed that its Borrowings, Investments, Loans and Finance Committee approved two significant transactions at its meeting held on September 16, 2026 (12:50 p.m. to 01:28 p.m. IST).

Transaction 1: Solar SPV Investment

  • The committee approved acquisition of 26% equity shares in Navitas Anant Renewables Two Private Limited, a special purpose vehicle formed for solar power supply
  • Aggregate consideration not exceeding ₹1,10,00,000 (Rupees One Crore and Ten Lakhs)
  • SPV details: CIN U35100GJ2026PTC177792, incorporated May 13, 2026, registered in Surat, Gujarat
  • SPV will set up a plant to generate solar power for company restaurants across India
  • Transaction purpose: Increase utilization of renewable energy and reduce electricity unit rates through Group Captive solar arrangement
  • Not a related party transaction - promoters have no interest
  • Industry: Generation and transmission of renewable energy
  • No governmental approvals required
  • Completion timeframe: Up to January 31, 2027
  • Payment method: Cash consideration
  • The company will not have control over the SPV

Transaction 2: Indonesia Subsidiary Investment

  • Committee approved investment in PT Sari Burger Indonesia (subsidiary) by acquiring up to 1,00,000 redeemable cumulative non-convertible preference shares
  • Nominal value: IDR 1,000,000 per share
  • Total investment not exceeding IDR 100 billion (Indonesia Rupiah One Hundred Billion) equivalent in INR
  • Investment will be made through subscription in one or more tranches
  • This qualifies as a related party transaction (subsidiary investment) but will be done at arm's length
  • PT Sari Burger Indonesia operates 137 Burger King outlets in Indonesia as of March 31, 2026
  • Standalone turnover: IDR 915,799.88 million (FY2026), IDR 965,168.88 million (FY2025), IDR 1,109,225.52 million (FY2024)
  • Incorporated September 27, 2006 under Indonesian laws
  • Proceeds will be used for meeting business requirements of Burger King operations in Indonesia
  • No governmental approvals required
  • Completion timeframe: Up to December 31, 2026
  • Payment method: Cash consideration
  • No change in equity shareholding - preference shares have no voting rights