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McDonald strikes out of court settlement with Bakshi

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McDonald strikes out of court settlement with Bakshi

May 11, 2019

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McDonald strikes out of court settlement with Bakshi

US Fast food chain McDonald's has finally ended it's five years-long battle with estranged partner Vikram Bakshi and has finally reached an out-of-court settlement with him.

The company said in a statement that Connaught Plaza Restaurants Pvt Ltd (CPRL) is now wholly owned by McDonald's India Pvt Ltd (MIPL) and its affiliate (McDonald's Global Markets LLC, "MGM"), following the completion of a settlement.

CPRL operates McDonald's outlets in north and east India and as per the agreement now MGM will have about 50 % voting equity shares in CPRL.

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