Funds pick up shares in Restaurant Brands Asia after top shareholder slashes stake

Restaurant Brands Asia

15/09/2023 15:43

BENGALURU, Sept 15 (Reuters) - Funds firms Citigroup,
Goldman Sachs Funds, ICICI Prudential  ICIR.NS  and Nomura
Singapore bought shares in Restaurant Brands Asia  RESR.NS 
after its largest shareholder reduced its stake in the company,
NSE data showed on Friday.
    Earlier in the day, Restaurant Brands Asia said in a
statement that QSR Asia Pte had cut its stake in the firm to
15.44% from 40.80%.
    Among 14 investors that bought shares through block deals in
Burger King's India operator, ICICI Prudential and Plutus Wealth
Management bought the most, at about 34 million shares each for
119.1 rupees apiece - a marginal discount on the company's
Thursday closing price.    Stock closed 6.7% higher on Friday
after rising as much as 14.46% during the day.

 (Reporting by Biplob Kumar Das in Bengaluru; Editing by Pooja
Desai)
 ((Biplobkumar.das@thomsonreuters.com; 9101861583;))