Restaurant Brands Asia QIP proceeds utilization on track

ICRA Limited, the monitoring agency, confirmed that Restaurant Brands Asia Limited's utilization of QIP proceeds is in line with the disclosed objectives, with no material deviations observed. The report, issued on October 30, 2025, covers the period up to September 30, 2025.

The QIP, which closed on March 26, 2025, raised gross proceeds of INR 500 Crore. As of September 30, 2025, INR 215.80 Crore has been utilized, leaving INR 284.20 Crore unutilized. Utilized funds include INR 19.91 Crore for issue-related expenses, INR 72.00 Crore for prepayment or repayment of borrowings, INR 59.78 Crore for funding capital expenditure for new restaurants, and INR 64.11 Crore for general corporate purposes.

The unutilized proceeds of INR 284.97 Crore are deployed across various instruments, including HDFC Fixed Deposits, corporate bonds, low-duration funds, and money market funds, generating earnings of INR 9.83 Crore. No delays were noted in the implementation of the specified objectives of the issue.