Restaurant Brands Asia Shares Decline Amid Reports of Everstone Capital Exit and Investor Speculation

Shares of Restaurant Brands Asia, operator of Burger King outlets in India and Indonesia, fell following reports that private equity firm Everstone Capital plans to exit by selling its entire 11.26% stake, valued at around $57 million. Reuters cited sources indicating a deal with a new strategic investor, reportedly the Ajanta Pharma family office, which might invest up to Rs 800 crore. However, Ajanta Pharma denied involvement, calling the reports incorrect. Restaurant Brands Asia's board is set to meet to consider fundraising options.