Restaurant Brands Asia has received approval for investment in PT Sari Burger Indonesia (BK Indonesia), subsidiary of the Company, by way of subscription of redeemable cumulative non-convertible preference shares of an amount of Indonesia Rupiah (IDR) 40 billion equivalent to INR.
The proceeds of subscription of redeemable cumulative nonconvertible preference shares will be used by BK Indonesia towards meeting the business requirements. The Borrowings, Investments, Loans and Finance Committee of the Board of Directors of the Company, at its meeting held on June 19, 2024, has approved the same.
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.
