Industry Newsroom

Everstone Partially Exits Burger King India via USD109m IPO

Everstone Capital has successfully exited part of its stake in Burger King India via the company’s INR8.1b (approximately USD109m) IPO. In addition to the 60 million shares sold by Everstone during the IPO, the PE firm also sold shares in off-market deals in the days leading up to the IPO. Everstone’s stake will go from 94.43% to 53%. Read more