HDFC Mutual Fund Buys Stake In Burger King India's Operator For Rs 50.25 Crore

HDFC Mutual Fund bought 0.91% stake in Restaurant Brands Asia Ltd. for Rs 50.25 crore through an open market transaction on Thursday.

HDFC Mutual Fund mopped up 45.5 lakh shares at Rs 110.46 apiece, according to bulk deal data on the BSE.

The company is one of the world's largest quick service restaurant companies, with over 30,000 restaurants in more than 100 countries. It owns four iconic restaurant brands—Tim Hortons, Burger King, Popeyes and Firehouse Subs.

Shares of Restaurant Brands Asia closed 1.03% higher at Rs 108.40 apiece on the BSE, as compared with a 0.08% rise in the benchmark Sensex.