Restaurant Brands Asia Limited
Nippon India Mutual Fund increased its stake in Restaurant Brands Asia from 4.89% to 5.72%, buying 59,16,046 shares. With this transaction, the fund crossed the 5% regulatory disclosure threshold.
An international quick-service restaurant operator that operates the Burger King brand across India and Indonesia. The company holds the exclusive national master franchisee rights for Burger King in India and operates both Burger King and Popeyes restaurants in Indonesia. It maintains a network of establishments across major cities in both countries, serving customers through company-operated and franchise locations.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.