B9 Beverages founder assures employees that he will pay them their dues

Bira 91 maker's CEO Ankur Jain says proceeds from a planned asset sale will be used to clear unpaid salaries, PF dues, and revive operations amid investor disputes

B9 Beverages founder and Chief Executive Officer (CEO) Ankur Jain on Thursday sent a letter to the company’s employees, informing them that the company had found a buyer for its assets, and assuring that the proceeds from the sale would be used to settle their dues, such as salaries and provident fund (PF) payments.

 

“All of you are aware that the company needs urgent capital in order to initiate payments of employee dues and resume its business in key markets. I am making all attempts to ensure immediate capital infusion is done in the company. In order to bring immediate