Bira 91 founder Ankur Jain exits board, surrenders control in lender settlement
B9 Beverages plans a recapitalisation and operational restart within three to six months after founder Ankur Jain agreed to leave the board and relinquish the promoter family’s 17.8% stake amid roughly Rs 1,000 crore of debt.
Bira 91 founder Ankur Jain quit B9 Beverages' board and will surrender executive control and the promoter family's 17.8% ownership under a settlement with investors and lenders. The debt-laden brewer plans recapitalisation and operational revival within three to six months.
Why this matters
The move follows recent signals that Ankur Jain exited Bira 91’s board, gave up the 17.8% promoter stake, and ceded control in a recapitalisation settlement.
Leadership is steady at 829 signals in the past 90 days; no QoQ figure was provided.