NEW DELHI/BENGALURU/TOKYO: India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a ...
NEW DELHI/BENGALURU/TOKYO: India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20per cent in the company, its chief executive told Reuters on Tuesday.
Jain declined to name the companies with which it is in talks, but four industry sources said Bira had been in talks with Kirin Holdings , one of Japan's biggest beer makers which has limited sales in India. Kirin has in the past shown interest in independent breweries and owns a minority stake in New York's Brooklyn Brewery.
"Bira is really struggling financially at the moment and they badly need a lifeline. A deal with Kirin or any of the other global strategic companies would give them that," said one of the Indian industry sources.
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