Kirin in talks to recast B9, has no plan to sell stake

Japan's Kirin Holdings, among the largest shareholder in B9 Beverages, that operates Bira, is holding joint discussions with stakeholders and creditors of the beer-maker to restructure the existing business including the management and business strategy as the company navigates a funding crunch and employee unrest.

- Priyamvada C & Suneera Tandon

“We recognize the current management situation of B9 Beverages. Based on this, we are continuing joint discussions with other shareholders and creditors on the restructuring of the company,” a spokesperson for Kirin said in an emailed response to Mint.

The company clarified that it has no plans to exit its investment in the company nor has there been any decision to sell its shares.