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Bira 91 beer founder Ankur Jain quits board, gives up control in settlement

Bira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes. The company faces a severe financial crisis and has suspended production. Existing investors will recapitalize Bira 91 and resume operations soon. Legal proceedings between parties have also been dropped as part of the agreement.

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economictimes.indiatimes.com

newsbytesapp.com

timesofindia.indiatimes.com

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newsbytesapp.com11 g fa

Bira 91 founder Ankur Jain exits board, gives up stake

Bira 91 founder Ankur Jain and his family will leave the company's board and executive roles immediately following a settlement with lenders, ending their operational involvement.

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timesofindia.indiatimes.com10 g fa

Bira 91 founder exits after lender resolution

BENGALURU: Bira 91 founder Ankur Jain and his family have stepped down from the board and all executive roles at parent company B9 Beverages with immediate effect after the brewer reached a settlement with its lenders.