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Kirin starts talks to recast B9, has no plan to sell stake
Mint Hyderabad
|November 21, 2025
meeting to Jain, said a person directly aware of developments at the company.
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“A requisition for the same will be sent shortly once we get every large shareholder to sign. Once Ankur (Jain) leaves we are all ready to put in more money. When we talk about restructuring, it means the equity shareholding will change; some of the debt will be converted into equity—we have a whole plan for that. The condition from all sides is very clear that Ankur must resign,” a lender to B9 said on the condition of anonymity.
This story is from the November 21, 2025 edition of Mint Hyderabad.
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