Japan's Kirin Holdings to purchase additional stake in B9 Beverages, maker of Bira
Kirin Holdings, the Japanese beverage group, is investing Rs 205 crore to purchase an additional minority stake in B9 Beverages. B9 Beverages is the maker of craft beer Bira 91 and owner of Beer Cafe, a pub chain. The transaction, which was made through the purchase of fresh shares, will boost the group’s holding in B9 Beverages.
Another American investor is also close to investing $25 million for an additional stake, bringing the total fresh investments to $50 million at a pre-money valuation of $600 million.
The company plans to use the funds to expand breweries, increase the global retail presence, and grow Bira 91’s Taproom pubs, as per reports.
