The Competition Commission of India (CCI) has approved the purchase of a “certain” stake in Restaurant Brands Asia by a consortium led by Lenexis Foodworks (LFPL).
Restaurant Brands Asia is the national master franchisee for the Burger King brand in India, holding exclusive rights to develop, operate, and franchise Burger King restaurants across the country.
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The buyer group consists of LFPL, Aayush Agrawal Trust (AAT), Inspira Foodworks (IFPL), Aayush Madhusudan Agrawal (AMA) and Inspira Agro Trading (IATL).
According to the CCI filing, the stake purchase will be carried out through multiple steps. These include fresh equity infusions, warrant subscriptions, purchase of equity and an open offer to public shareholders.
LFPL is active in the quick service restaurant (QSR) segment. It operates outlets across the country under the brands “Chinese WOK”, “The Momo Co”, and “Big Bowl Co”.
AMA is an entrepreneur with interests in several areas, including clean energy, luxury home products, pharmaceuticals, QSR businesses, and real estate.
AAT is described as a discretionary private trust established under the Indian Trusts Act, 1882. It is the principal investment vehicle for AMA and his family and is overseen and run by AMA as the sole trustee.
IFPL is a strategic investment and operating entity, with a focus on scaling up LFPL’s existing QSR operations.
IATL is involved in the cardamom trade in the United Arab Emirates.
By the end of December 2025, Burger King operated 577 restaurants in India.
