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Burger King India raises nearly $50 million from GIC and other anchor investors as IPO opens

Burger King India raises nearly  million from GIC and other anchor investors as IPO opens
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Burger King India raises nearly  million from GIC and other anchor investors as IPO opens

Burger King India raises practically $50 million from GIC and different anchor buyers as IPO opens

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Quick-food large Burger King goals to lift Rs 810 crore from its Preliminary Public Providing going stay on 2 December 2020.

Fast-service restaurant chain Burger King India Restricted has raised Rs 364.5 crore from anchor buyers on 1 December 2020, forward of its public concern opening. Burger King India allotted 60.75 million shares to about two dozen anchor buyers at Rs 60 apiece, it stated in a stock-exchange submitting. The BSE (Bombay Inventory Trade) round which studies this additionally has the Burger King stock-exchange submitting hooked up.

Sundaram MF, Steinberg India Rising Alternatives Fund, ICICI Prudential, Samsung India Securities, Nippon Life, Constancy Funds, Authorities of Singapore, Eastspring Investments India, Aditya Birla Solar Life Trustee, Elara India Alternatives Fund, IDFC MF, SBI MF, Financial Authority of Singapore, HDFC MF and Amansa Holdings are a number of the buyers that participated in anchor e book.

Burger King India will open its IPO (Preliminary Public Providing) on 2 December 2020 for a period of three days lasting until 4 December 2020 planning to lift Rs 810 crore.

The fast-food chain was the fastest-growing worldwide QSR chain in India in the course of the first 5 years of their operations, based mostly on the variety of eating places. The Burger King model is the second-largest fast-food burger model globally as measured by the overall variety of eating places, with a world community of over 18,000 eating places in additional than 100 international locations and US territories, as of 30 June 2019.

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