Jubilant FoodWorks Limited (NSEI:JUBLFOOD), the master franchisee for Domino's Pizza and Dunkin, on May 18, 2023 said it is not in the race to acquire Restaurant Brands Asia Limited (NSEI:RBA), formerly known as Burger King India Ltd. The leading Quick Service Restaurant (QSR) chain operator said it "strongly refutes" any information appearing about a deal speculating it to acquire a majority stake in Restaurant Brands Asia from a private equity firm.
"These are completely false and baseless and the company is not involved in any such discussions or negotiations nor considering the aforesaid acquisition," said JFL in a late-night regulatory filing. Earlier, there were reports that Everstone Capital Asia Pte Ltd. is in talks with JFL and one more player to offload its entire stake in Restaurant Brands Asia.