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These could include a preferential issue, qualified institutions placement (QIP), or other suitable mechanisms, subject to regulatory and statutory approvals.
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“….we wish to inform you that a meeting of the Board of Directors of Restaurant Brands Asia Limited will be held on Friday, December 20, 2024, to consider, inter alia, a proposal for raising of funds through any or all of various methods including by way of preferential issue, qualified institutions placement or any other method as may be permissible, subject to such regulatory/statutory approvals as may be required, including approval of the shareholders of the company,” Restaurant Brands Asia said in a regulatory filing.
The board will also consider convening an extraordinary general meeting or initiating a postal ballot process to obtain shareholder approval for the fundraising proposal.
Restaurant Brands Asia owns and operates a chain of restaurants with the Burger King brand. Shares of Prestige ended at ₹82.09, up by ₹1.00, or 1.23% on the BSE.
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