India, Jan. 19 -- Everstone Capital plans to sell its entire 11.26% stake in Burger King's India and Indonesia operator Restaurant Brands Asia Ltd., underscoring fast-food churn in the world's most populous country.

A deal is likely to be announced on Tuesday, 20 January 2026, two people with direct knowledge of the matter told Reuters. Restaurant Brands Asia told the stock exchanges last week that it planned to hold a board meeting on Tuesday to "consider and evaluate raising of funds".

As part of the deal, Restaurant Brands Asia will get a new strategic investor-the family office of Ajanta Pharma Ltd. which operates restaurants such as Chinese Wok and Big Bowl under Lenexis FoodWorks. The Ajanta family can inject up to Rs.800 crore in...