Everstone Capital Asia Pte Ltd. is in talks to sell its roughly 41% stake in Restaurant Brands Asia Limited (NSEI:RBA), the master franchisee of Burger King in India and Indonesia, CNBC Awaaz reported on May 18, 2023. The Singapore-headquartered buyout firm is in talks with Jubilant FoodWorks Limited (NSEI:JUBLFOOD), which operates Domino's Pizza in India, as well as a consortium of PE firms Advent International Corporation and General Atlantic Service Company, L.P., the report said. Jubilant told Reuters the information was "incorrect and baseless." Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9% stake in Restaurant Brands as of March 31, according to Refinitiv data.

Advent and General Atlantic declined to comment, while Restaurant Brands and Everstone did not immediately respond to Reuters' request for comment.