Anicut Capital takes over Bira 91 founder Ankur Jain’s pledged stake, leads restructuring
Anicut Capital has taken over founder Ankur Jain’s pledged 17.8% family shareholding in B9 Beverages and will nominate three board members. The lender will lead a restructuring of Bira 91, which faces about ₹1,000 crore in debt and liabilities; Jain’s voting control is tied to milestones over the next three to six months.
Anicut Capital has taken over Bira 91 founder Ankur Jain’s pledged stake and will nominate three board members, leading a restructuring of debt-laden B9 Beverages. Jain’s voting control depends on milestones over the next three to six months.
Why this matters
The lender takeover follows reports that Bira 91’s board sought buyers for the Jain family stake and that Jain exited under a recapitalisation deal, shifting restructuring control toward Anicut.
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