Burger King India's market cap crosses that of Westlife Development
The newest kid on the block - Burger King's rally continues with the quick service restaurant chain's value tripling since the listing on Monday with a market capitalisation of over Rs 7,000 crore.
The newest kid on the block - Burger King's rally continues with the quick-service restaurant chain's value tripling since the listing on Monday with a market capitalisation of over Rs 7,000 crore.
Burger King is now more valuable than the Westlife Development, which runs the McDonald's outlets in the south and west of India.
It has been three consecutive upper circuits for Burger King that means it is 3.50 times from its issue price of Rs 60. The market cap on Wednesday has crossed that of Westlife Development and that is a seminal movement.
CNBC-TV18’s Mangalam Maloo gives more details.
Watch the video for more.
(Edited by : Ajay Vaishnav)
First Published: Dec 16, 2020 12:44 PM IST
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