According to CNBC Awaaz, private equity firm Everstone Capital is in talks to sell its about 41% share in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia.
Based on the article, the Singapore-based buyout group is in talks with Jubilant Foodworks, which operates Domino's in India, as well as a consortium of private equity firms Advent International and General Atlantic.
As per Refinitiv statistics, Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, owned 40.9 percent of Restaurant Brands as of March 31.
As of the stock's closing price on Wednesday, the holding was worth Rs 21.68 billion ($265.10 million).
The stock jumped as much as 11 per cent on Thursday, after the report, to touch a five-month high of Rs 119.