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This article is more than 2 year old.

Everstone Capital plans Rs 700 crore Burger King India IPO, says report

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Everstone Capital owns a majority stake in Burger King India and as per latter’s filings with the Registrar of Companies invested Rs 100 crore during last fiscal.

Everstone Capital plans Rs 700 crore Burger King India IPO, says report
Private equity firm Everstone Capital is planning a Rs 700 crore initial public offering of restaurant chain Burger King India and is expected to file draft papers with Sebi in the next two months, reported Mint, citing two people aware of the development.
“The IPO will include both primary and secondary share sales. The company will raise primary capital as it is a growing business and they need to invest in expanding their number of outlets… Everstone, on the other hand, would like to use the listing to take some money off the table. The exact proportions of the primary and secondary share sales are still being finalized," Mint quoted a source as saying.
Everstone Capital, the report said, owns a majority stake in Burger King India and as per latter’s filings with the Registrar of Companies invested Rs 100 crore during last fiscal.
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