Stocks

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like