India's Burger King operator up as Inspira Global takes controlling stake

Shares of Restaurant Brands Asia RESR.NS, which operates Burger King restaurants in India, rise 2.65% to 65.37 rupees

Stock set to snap three sessions of losses

Inspira Global to buy a controlling stake in the firm

The Indian business group will also acquire Everstone's 11.26% stake in RESR, taking its total stake to about 35%

Inspira, which operates brands such as Chinese Wok and Big Bowl, will pay 70 rupees/share, a premium of about 10% to Tuesday's closing price - RESR

Reuters reported on Monday that RESR was set to bring in a new strategic investor, with Everstone also exiting

Shares closed 1.3% down on Monday

Analysts have a "buy" rating on avg; median PT is 83.50 rupees - data compiled by LSEG

RESR up ~3% so far in January