Burger King India jumps on getting nod to raise upto Rs 1,500 crore
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Burger King India is currently trading at Rs. 157.05, up by 0.95 points or 0.61% from its previous closing of Rs. 156.10 on the BSE.
The scrip opened at Rs. 156.15 and has touched a high and low of Rs. 160.65 and Rs. 154.80 respectively. So far 157228 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 219.15 on 17-Dec-2020 and a 52 week low of Rs. 126.15 on 05-May-2021.
Last one week high and low of the scrip stood at Rs. 165.90 and Rs. 152.50 respectively. The current market cap of the company is Rs. 6017.67 crore.
The promoters holding in the company stood at 52.56%, while Institutions and Non-Institutions held 21.85% and 25.59% respectively.
Burger King India has received approval for raising of funds by way of further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement (QIP), further public offer or any of the permissible modes (in one or more tranches), for an aggregate amount not exceeding Rs 1,500 crore, subject to applicable laws and necessary shareholder and statutory / regulatory approvals, as applicable.
The Board of Directors of the Company at its meeting held on December 15, 2021 has, inter alia considered and approved the same.
Burger King India operates as a restaurant. The company prepares and distributes ready to eat food products such as burgers, fries, and beverages. Burger King India serves customers in India.
