Bira 91 board seeks buyers for Ankur Jain family’s 17.8% stake
B9 Beverages’ board and Anicut Capital are approaching strategic and financial investors for founder Ankur Jain’s family stake, as a Bira 91 restart could require about ₹500 crore after liabilities and litigation are resolved.
B9 Beverages' board and Anicut Capital are seeking buyers for founder Ankur Jain family's 17.8% Bira 91 stake. Potential strategic and financial investors have been approached, while a restart of the craft beer brand may require about ₹500 crore after resolving liabilities and litigation.
Why this matters
The stake sale extends Bira 91’s restructuring pattern after signals on Ankur Jain’s exit, lender settlement, recapitalisation, unpaid dues and funding needs.
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