Anicut takes Bira founder’s 17.8% stake, moves to lead restructuring
Anicut Capital has taken over Bira 91 founder Ankur Jain’s pledged 17.8% stake and will nominate three board members at B9 Beverages. The debt-laden beer maker is carrying roughly ₹1,000 crore in debt and liabilities.
Anicut Capital has taken over Bira founder Ankur Jain’s pledged 17.8% stake and will nominate three board members, leading restructuring at debt-laden B9 Beverages. The Bira 91 marketer has about ₹1,000 crore in debt and liabilities.
Why this matters
The move follows Bira 91’s board seeking buyers for the Jain family’s 17.8% stake and reports of Ankur Jain’s exit after a lender settlement and recapitalisation.
Leadership is steady with 888 signals in 90 days; QoQ change was not provided.