Restaurant Brands Asia Receives CCI Approval for Control Acquisition

Restaurant Brands Asia received CCI approval for a complex transaction involving preferential issue and share purchase.
Acquirers led by Lenexis Foodworks will inject ₹900 crore via equity and ₹600 crore via warrants at ₹70/share.
The transaction results in complete promoter change with existing sellers exiting and new acquirers taking control.
An open offer to shareholders is proceeding with SEBI granting timeline extension subject to interest payment.