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Anicut Capital takes over Bira founder Ankur Jain's stake, to lead restructuring

Anicut Capital has taken over B9 Beverages founder Ankur Jain's shares. The venture debt provider will now lead the troubled company's restructuring efforts. Anicut Capital will also nominate three members to the Bira 91 beer brand's board. The company faces significant debt and liabilities of one thousand crore rupees. Promoter families were previously approached for the company's urgent recapitalization.

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Economic TimesLean R·9h ago
Anicut Capital takes over Bira founder Ankur Jain's stake, to lead restructuring
Anicut Capital has taken over B9 Beverages founder Ankur Jain's shares. The venture debt provider will now lead the troubled company's restructuring efforts. Anicut Capital will also nominate three members to the Bira 91 beer brand's board. The company faces significant debt and liabilities of one thousand crore rupees. Promoter families were previously approached for the company's urgent recapitalization.
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Anicut Capital takes over Bira founder Ankur Jain's stake, to lead restructuring

How 1 sources are covering this