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Burger King India IPO to open next week: Should you subscribe?

The fast food restaurant chain India Ltd aims to raise 810 million crores through a new share issue worth 450 million crores and the promoter’s offer to sell up to 60 million shares of QSR Asia Pte Ltd worth 360 million crores at the top of the price scale. It is proposed that the net proceeds of the new issue be used to finance the commissioning of new restaurants owned by the company through the repayment or early repayment of the company’s outstanding loans and for general company purposes; the company announced in its prospectus.

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