Burger King India Ltd board approves fundraising proposal of up to Rs. 1500 crore

The Board of Directors of Burger King India Limited (“the Board”) at its meeting held today, i.e. December 15, 2021, has reviewed and approved the increase in the authorized share capital and modification of the constituting act.

The board approved the proposal to increase the authorized share capital of the company from Rs. 505,00,00,000 / – (Rupees Five Hundred Five Crore only) divided into 50,50,00,000 (Fifty Crore Fifty Lakhs) shares of Rs . 10 / – each (ten rupees only) at Rs. 600,00,00,000 / – (Rupees Six Hundred Crore Only) divided into 60,00,00,000 (Sixty Crore) equity shares of Rs. 10 / – each (ten Rupees only), and therefore the capital clause (clause V) of the Articles of Incorporation will be amended, subject to shareholder approval and other statutory / regulatory approvals, as applicable.

The board also approved the raising of funds through additional issues of securities through public and / or private offers, including the preferential issue, the placement of qualified institutions, a new public offering or the ” one of the permitted modes (in one or more installments), for an aggregate amount not to exceed ₹ 1,500 crore (rupees one thousand five hundred crore), subject to applicable laws and necessary shareholder and statutory / regulatory approvals, as the case may be. appropriate.

Burger King India Limited shares were last trading in the BSE at Rs. 156.10 from the previous close of Rs. 158.15. The total number of shares traded during the day was 72,785 in over 987 trades.

The share hit an intraday high of Rs. 158.15 and an intraday low of 154.90. The net turnover during the day was Rs. 11395832.00.

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