Whalesbook
Kirin Holdings, a major investor in B9 Beverages, the maker of Bira 91 beer, is in talks with founder Ankur Jain about exiting its stake. This comes as B9 Beverages grapples with severe financial pressure, including a Rs 748 crore net loss in FY24 and a Rs 1,000 crore debt burden, following operational disruptions and high fixed costs. Kirin is also re-evaluating its global strategy, diversifying into health and wellness.