Group 1 - Restaurant Brands Asia (RBA) is undergoing a change in control with Inspira Global set to acquire a controlling stake, specifically QSR Asia's 11.26% stake for Rs4.6 billion ($50.3 million) [1][2] - The completion of the deal is subject to customary and regulatory conditions, leading to the full exit of QSR Asia in line with its investment cycle [2] - Inspira Global will execute the acquisition primarily through its subsidiary, Lenexis Foodworks, which has over a decade of experience in the quick-service restaurant (QSR) segment [2] Group 2 - Aayush Madhusudan Agrawal, founder and managing director of Inspira Global, expressed admiration for RBA's achievements and emphasized the acquisition as a long-term value creation initiative [3] - Inspira Global plans to inject fresh capital of Rs9 billion through a preferential allotment of equity shares and Rs6 billion through a preferential allotment of warrants [3] - The transaction will trigger a mandatory open offer to RBA's public shareholders as per Indian securities regulations [4] Group 3 - RBA's CEO Rajeev Varman welcomed the new promoter, assuring that the existing leadership team and operational structure will remain intact while focusing on growth plans [4] - A recent merger agreement between Devyani International and Sapphire Foods aims to combine two Yum! Brands franchisees, creating one of India's largest QSR chains [4]