Burger King India shares soar in market debut – Times of India
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BENGALURU: Burger King India jumped nearly 88% in its market debut on Monday, after it raised about $110 million, signaling upbeat sentiment for the country’s food service sector.
Share of the Indian company, which runs the franchise of Restaurant Brands International Inc’s US chain Burger King, opened at Rs 112.50 per share, above the initial public offering price of Rs 60 per share.
At the debut price, the company had a market value of Rs 4,294 crore ($583.11 million).
Share of the Indian company, which runs the franchise of Restaurant Brands International Inc’s US chain Burger King, opened at Rs 112.50 per share, above the initial public offering price of Rs 60 per share.
At the debut price, the company had a market value of Rs 4,294 crore ($583.11 million).
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