MIT takes big bite of Burger King India’s Rs 500-crore QIP

Massachusetts Institute of Technology (MIT) surprisingly became the largest investor in the INR500 crore Qualified Institutional Placement (QIP) of Restaurant Brands Asia (RBA), investing INR92 crore. The funds will be utilized for opening new stores, reducing debt, and other corporate purposes. This move underscores India’s potential in the consumer market despite recent economic challenges.

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