Everstone to sell 20% stake in Burger King India: Report
Homegrown private equity firm Everstone Capital is reportedly planning to sell 20% stake in Burger King India, valuing the fast-food chain at $300-350 million. Everstone holds about 88% of Burger King India, with the rest held by US' Burger King Worldwide. Everstone tied up with Burger King Worldwide in 2013 to set up the franchise for India and Indonesia.