Bira 91 founder Ankur Jain exits board, surrenders 17.8% stake in debt settlement
Ankur Jain has stepped down from B9 Beverages’ board and relinquished promoter control under a settlement, according to Inc42. Investors and lenders are expected to recapitalise the brewer, clear dues and seek to restart operations amid reported debt of about ₹1,000 crore.
Bira 91 founder Ankur Jain has resigned from B9 Beverages’ board and surrendered promoter control and 17.8% stake under a settlement. Existing investors and lenders are expected to recapitalise the debt-hit brewer, clear dues and restart operations.
Why this matters
The settlement follows recent Bira 91 signals on Ankur Jain exiting the board, giving up promoter stake and ceding control in a recapitalisation settlement.
Leadership is steady, with 828 signals in the past 90 days; QoQ change was not provided.