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Restaurant chain Burger King India gets Sebi's approval to float IPO

The regulator's observations are necessary for any company to launch public issues such as initial public offer, follow-on public offer and rights issue

Burger King
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Burger King

Press Trust of India New Delhi
Quick service restaurant chain Burger King India has received markets regulator Sebi's approval for an initial public offer.

The company, which filed its draft IPO papers with the watchdog in November, obtained its final observations on January 24, as per the latest update with the Securities and Exchange Board of India (Sebi).

The regulator's observations are necessary for any company to launch public issues such as initial public offer, follow-on public offer and rights issue.

Going by the draft papers, Burger King's offer comprises fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to

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First Published: Jan 28 2020 | 7:05 PM IST

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