Burger King garners Rs 364.5 cr from anchor investors ahead of IPO
US-based quick service restaurant (QSR) chain Burger King's Indian arm on Tuesday raised Rs 364.5 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday.
The Burger King chain, which currently operates 268 stores in India, of which eight are franchises mainly located at airports and the rest are company-owned, has fixed the price band of the initial public offering (IPO) at Rs 59-60 per share.