Restaurant Brands Asia’s subsidiary -- PT Sari Burger Indonesia has executed the facility agreement with Axis Bank, IBU, Gift City on December 6, 2023 for availing secured term loan facility of an amount not exceeding in the aggregate of $17.54 million.
The aforesaid term loan facility is secured by unconditional and irrevocable Standby Letter of Credit (SBLC) in the name of Axis Bank, IBU, Gift City from Axis Bank of an amount not exceeding in the aggregate of Rs 150 crore equivalent to $18.07 million. The Company has accordingly provided security for issuance of the said SBLC from Axis Bank.
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.
Company Name | CMP |
---|---|
Westlife Development | 875.00 |
Restau. Brands Asia | 101.45 |
Barbeque-Nation Hosp | 552.50 |
Coffee Day Enter. | 63.10 |
Speciality Restauran | 193.05 |
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