Burger King India shares soar in market debut

Reuters BENGALURU | Updated on December 14, 2020

Burger King India jumped nearly 88 per cent in its market debut on Monday, after it raised about $110 million, signalling upbeat sentiment for the country's food service sector.

Share of the company, which runs the franchise of Restaurant Brands International Inc's U.S. chain Burger King, opened at ₹112.50 per share, above the initial public offering price of ₹60 per share.

At the debut price, the company had a market value of ₹4,294 crore ($583.11 million).


Published on December 14, 2020

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