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Explained: How Bira 91 lost The Beer Café to its investors

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Business Standard

Bira 91’s parent company, B9 Beverages, has lost control of its pub business, The Beer Cafe, after its largest shareholder, Kirin Holdings of Japan, and its lender, Anicut Capital, took over shares pledged as collateral, according to a report by The Economic Times. The move comes as the Indian craft beer maker struggles with steep losses and mounting debt.

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