InvestorQ : How will the funds raised from the Burger Kindl IPO to be utilized?
Tanya Mehta made post
IPO

How will the funds raised from the Burger Kindl IPO to be utilized?

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Anjali Desai answered.
6 months ago
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The company would utilize fresh issue proceeds for funding roll-out of new company-owned Burger King Restaurants and general corporate purposes. Under the Master Franchise and Development Agreement, the company is required to develop and open at least 700 restaurants (including company-owned Burger King Restaurants and Sub-Franchised Burger King Restaurants) by December 31, 2026, which has recently been extended by one year from December 31, 2025, due to the COVID-19 crisis.
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