Everstone to Sell Stake in Burger King Operator Restaurant Brands Asia, Ajanta Pharma Family Office to Invest

Private equity firm Everstone plans to sell its entire 11.26% stake in Restaurant Brands Asia, the India and Indonesia franchisee of Burger King, in a deal expected to be announced soon. The family office of Ajanta Pharma's founders is set to become a strategic investor, potentially injecting up to Rs 800 crore and considering a majority stake as other shareholders exit. Restaurant Brands Asia recently announced a board meeting to evaluate fundraising options. Neither Everstone nor Ajanta Pharma have commented on the matter.