{
  "id": 9184017,
  "title": "Bira 91’s Anicut-led board draws up revival plan",
  "url": "https://urgent.news/2026/09/22/bira-91s-anicut-led-board-draws-up-revival-plan",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T18:36:24.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/cons-products/liquor/bira-91-revival-plan-anicut-led-board-offers-to-buy-out-key-investors/articleshow/134419115.cms"
  },
  "original_language": "en",
  "account": "The reconstituted board of B9 Beverages, led by Anicut Capital, has proposed a plan to acquire the stakes of key investors Japan's Kirin Holdings, Peak XV Partners, and Belgium's Sofina. This move aims to revive the financially struggling company and raise fresh capital. B9 Beverages, known for its craft beer brand Bira 91, is currently holding a combined 41.1% stake, with Kirin, Peak XV, and Sofina owning 20.1%, 12.5%, and 8.5% respectively.\n\nThe board is pushing for existing investors who are unwilling to participate in the revival efforts to exit before any new capital is injected. In return, Kirin, Peak XV, and Sofina are seeking settlements for their positions. The company's liabilities are estimated at ₹1,000-₹1,500 crore, and operations have been stagnant for a year. The brand's value is valued at around ₹300 crore.\n\nB9 Beverages' founder, Ankur Jain, and his family exited the company in July following a dispute over unpaid salaries and debt. They have given up their board positions in exchange for relief from personal liabilities. The board now comprises Anicut Capital, the largest lender. The revival plan requires consensus among all stakeholders, and Anicut Capital, Kirin, Peak XV, and Sofina have declined to comment on the matter.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}