Bira 91 founder Ankur Jain exits board, cedes control in recapitalisation settlement
B9 Beverages founder Ankur Jain has stepped down from the board and agreed to surrender executive powers and promoter ownership as investors and lenders resolve a two-year dispute. The brewer, carrying about ₹1,000 crore in debt, aims to settle dues, recapitalise and restart operations within three to six months.
Bira 91 founder Ankur Jain quit B9 Beverages’ board and will surrender executive powers and promoter ownership under a settlement with investors and lenders. The debt-laden brewer plans recapitalisation, dues settlement and an operational restart within six months.
Why this matters
The settlement follows recent signals that Ankur Jain exited Bira 91's board and that his family would surrender a 17.8% stake, marking a shift from founder control to lender-investor resolution.
Leadership is steady at 826 signals in 90 days; no QoQ comparison was provided.