StartupsInc42about 2 hours ago
Bira 91 Founder Steps Down, Surrenders Stake
3 min read
Bira 91 founder Ankur Jain stepped down from B9 Beverages and surrendered the promoter family's 17.8% stake as part of a settlement with investors and lenders. The deal clears a key hurdle for a planned recapitalisation. Jain will be released from personal liabilities, and both sides will withdraw legal cases.
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