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Restaurant Brands Asia raises $60m as MIT becomes largest investor

GlobalData
Summary
Nutrition label

81% Informative

Restaurant Brands Asia ( RBA ) has raised $ 60 m in a qualified institutional placement ( QIP ) Massachusetts Institute of Technology ( MIT ) emerging as the single largest investor.

MIT has invested Rs920m in the issue as a foreign portfolio investor.

The funds will be used for opening new stores in India , reducing our debt, strengthening our balance sheet and for general corporate purposes.

VR Score

80

Informative language

79

Neutral language

59

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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