Everstone to sell Burger King India franchise

Singapore-based private equity firm Everstone plans to sell its Burger King India franchise.

The firm is reportedly in advanced discussions with Rahul Bhatia-controlled InterGlobe group to sell the franchise a deal worth US$204 million.

The fast-food chain operates 140 outlets, spread across cities in north, west and south India. Last year, its sales reached $54 million.

Everstone has managed Burger King India since 2013, along with Coffee Bean & Tea Leaf, Copper Chimney, Bombay Blue and Noodle Bar in India.

The discussions between the two parties come at a time when Bhatia is in dispute with Rakesh Gangwal over their flagship airline IndiGo.

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