**Everstone Plans to Sell Stake in Subway’s Indian Operations**
Everstone Capital, the master franchisee for Subway in India, Sri Lanka, and Bangladesh, is set to divest a portion of its stake in the fast-food chain as part of a $100 million fundraising initiative. This move involves a combination of primary and secondary shares, with the aim of attracting new investors to support Subway’s growth in the region.
Eversub India Pvt. Ltd, which manages Subway outlets, has engaged Lodha Capital Markets to facilitate this process. Discussions are currently underway to bring in new investors, although specific details remain confidential. While Everstone intends to sell its stake in multiple phases, it plans to retain ownership until Subway enters the public market in India within the next two years.
Subway, which first established its presence in India in 2000, has seen significant growth since Everstone acquired the master franchise in 2021. The company aims to more than triple its restaurant count in the region over the next decade, building on its nearly 700 locations as of November 2021. Everstone’s expertise in expanding food brands in South Asia, including its previous roles as a master franchisee for other major chains, positions it well for this venture.
As Everstone looks to monetize its investment, the entry of new investors could further enhance Subway’s expansion plans in the competitive quick-service restaurant market.
**FAQ**
*What is Everstone’s role with Subway in India?*
Everstone Capital operates as the master franchisee for Subway in India, Sri Lanka, and Bangladesh, managing the brand’s expansion and operations in these regions.