Bira 91 Founder Ankur Jain Steps Down, Gives Up 17.8% Stake In Settlement

Ankur Jain, the founder of Bira 91 parent B9 Beverages, has stepped down from the board and relinquished executive control and ownership as part of a settlement with the institutional investors and lenders backing the alcobev startup. According to an ET report, the settlement was signed yesterday, bringing to an end nearly two-year dispute between Jain, the promoter family, investors and lenders. “I have stepped down from the B9 Beverages board,” Jain told the publication.