For securing the said loan facility, the company will provide first pari-passu security interest on the entire assets, both movables and immovable of the company, present and future; first pari-passu security interest on the entire current assets including receivables of the company, present and future; and any additional collateral security other than those mentioned herein above offered by the company to other lenders (in case of pari-passu charge) shall also be available to the bank.

Restaurant Brands Asia is into the business of quick service restaurants under the brand name of 'Burger King'.

The company reported consolidated net loss of Rs 50.48 crore in Q1 FY24 as compared with Rs 47.50 crore in Q1 FY23. Net sales jumped 24.8% year on year to Rs 610.78 crore in Q1 FY24.

The scrip has lost 1.20% to currently trade at Rs 123.90 on the BSE.