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Kirin and Anicut took control of BTB, B9 Beverages' key profitable unit, after seizing pledged shares, sparking a legal dispute.
Japanese brewer Kirin Holdings and lender Anicut Capital have taken control of The Beer Cafe, a key subsidiary of struggling Indian beer company B9 Beverages, after acquiring shares pledged as loan collateral.
The move, amid B9’s financial crisis marked by losses, declining sales, and unpaid debts, left B9 with no stake in BTB, which operates 42 pubs and contributed 35% of B9’s FY25 revenue.
Founder Ankur Jain disputes the takeover, claiming it violates contracts, and has challenged it in court, where a Delhi High Court interim order blocks Anicut from selling BTB shares.
Kirin and Anicut now hold joint stakes in BTB, which remains profitable and a core business unit.
Kirin y Anicut tomaron el control de BTB, la unidad rentable clave de B9 Beverages, después de confiscar acciones en garantía, lo que provocó una disputa legal.