Burma Burma DRHP: A Look At Shareholding Pattern & Key Executives
The company, which operates Burma Burma restaurants, filed a DRHP with India's securities regulator proposing a fresh equity issue of up to ₹150 crore and an offer for sale of up to 2.79 crore shares by co-founders Ankit Gupta and Chirag Chhajer, each holding 33.35% stakes. Proceeds will fund expansion of 27 company-owned outlets across Tier I and II cities, with 12 planned for FY28 and 15 for FY29.
Key points
- IPO filing targets ₹150 Cr fresh equity plus founder share sales
- Plans to open 27 new outlets in next two years
- Co-founders Gupta and Chhajer each hold 33.35% stake
- Backed by investors including Negen Capital and Venture Catalysts
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Inc42 did the reporting; read the original for the full story.
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