India's Bira Divests 9.8% Stake To Japanese Beer Maker Kirin
In a bid to acquire a 9.8 % stake in the Delhi-based B9 beverages, a Japanese beer maker Kirin Holdings will invest $30 million. The investment will also permit ‘Bira’ to expedite plans to launch its products in the Japanese market in 2021. Suffering losses in recent years, the pandemic-stricken B9 beverages had earlier put up invitations to various investors eying to divest 20% stake.
Tags: Bira Beer, Kirin Holdings, B9 Beverages, New Delhi, Japan
Courtesy: NDTV