Lenexis Foodworks Secures CCI Clearance for Burger King India Operator Stake Purchase

India’s quick-service restaurant sector is witnessing heightened deal activity, with the Competition Commission of India approving a consortium-led investment in Restaurant Brands Asia, the master franchisee of Burger King in India.

The consortium comprises Lenexis Foodworks, Aayush Agrawal Trust, Inspira Foodworks Private Limited, Aayush Madhusudan Agrawal and Inspira Agro Trading LLC. The proposed transaction will be completed through a combination of equity subscriptions, warrant subscriptions, share purchases and an open offer.

Restaurant Brands Asia holds the exclusive rights to develop, operate and franchise Burger King restaurants in India. The approval comes amid increasing consolidation in the country’s QSR market as operators look to expand scale, improve operational efficiencies and strengthen their competitive positioning.

Lenexis Foodworks, the parent company of Chinese Wok, currently operates more than 250 outlets across over 45 Indian cities. Inspira Foodworks Private Limited is expected to function as a strategic investment and operating platform to support the expansion of Lenexis’ QSR business.

The development follows another significant move in the sector earlier this month, when regulators approved a merger aimed at creating a combined Yum! Brands franchisee platform for KFC and Pizza Hut operations in India.

Meanwhile, Restaurant Brands Asia reported a strong performance for the fourth quarter of FY26, with same-store sales growth of 6.3 per cent, its highest in three years. Revenue from operations increased 17.1 per cent year-on-year to Rs 573.5 crore, while EBITDA rose 27.6 percent to Rs 99.2 crore.