As of June end, QSR Asia held a 40.8% stake in Restaurant Brands Asia. Following the sale, it holds a 15.4% stake in the food chain operator. The buyers of the shares could not be ascertained at the time of writing this report. Recent reports said that Everstone Capital was looking at selling its entire stake in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia and that it was in talks with Jubilant Foodworks, as well as a consortium of private equity firms Advent International and General Atlantic.
New senior citizens policy in the works after 25 years
India is developing a new senior citizen policy and amending the Maintenance and Welfare of Parents and Senior Citizens Act 2007 to address the needs
November 15, 2024