Bharti Group’s Gourmet Investments (GIPL), which runs the ‘The Project’ chain of restaurants in Mumbai, is in advanced talks with TexMex Cuisine to buy the American dining chain Chili’s Grill & Bar restaurants in West and South India, TheTimes of India reported.
The deal size to acquire 13 restaurants is estimated at Rs 100-120 crore, sources told the newspaper.
The deal, if finalised, will be GIPL’s first attempt to expand its restaurant business through the inorganic route, said the report.
GIPL is run by Rakesh Bharti Mittal’s son Ramit Bharti Mittal. Some of the popular restaurants run by them are PizzaExpress, Nihonbashi and The Bandra Project, among others.