Restaurant Brands Asia gains on entering into Loan agreement with PT Sari Burger Indonesia
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Restaurant Brands Asia is currently trading at Rs. 86.23, up by 1.47 points or 1.73% from its previous closing of Rs. 84.76 on the BSE.
The scrip opened at Rs. 86.46 and has touched a high and low of Rs. 86.73 and Rs. 84.61 respectively. So far 47743 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.85 on 23-Jan-2024 and a 52 week low of Rs. 84.50 on 13-Nov-2024.
Last one week high and low of the scrip stood at Rs. 92.54 and Rs. 84.50 respectively. The current market cap of the company is Rs. 4232.71 crore.
The promoters holding in the company stood at 13.17%, while Institutions and Non-Institutions held 55.27% and 31.56% respectively.
Restaurant Brands Asia has entered into Loan Agreement with PT Sari Burger Indonesia (BK Indonesia), Subsidiary of the Company for granting of unsecured loan for an amount of IDR 40,000,000,000 equivalent to Rs 21.49 crore (closing exchange rate of November 11, 2024 has been considered) (INR amount may vary as per the exchange rate prevailing on the date of transaction). The subsidiary will use the funds to support its’ primary business activities.
Restaurant Brands Asia 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.
