Bira 91 founder Ankur Jain steps down from board after settlement with lenders
News 18
Ankur Jain resigns from Bira 91's board and executive roles after settling with lenders, relinquishing family stake and personal guarantees.Summary
Ankur Jain announced his resignation from the board and executive positions of B9 Beverages, parent of Bira 91, after reaching a settlement with lenders and investors. As part of the agreement, he and his family will give up their roughly 17.8% stake, and personal guarantees on corporate loans will be released. Jain cited the need for fresh capital and a clean balance sheet, apologized to employees for delayed dues, and expressed intent to support a smooth handover while possibly launching a new venture with his core team. He noted the company had survived multiple near‑shutdowns, including during the COVID‑19 pandemic, but could not raise capital in the last year and a half.
(Source：News 18)