Japan’s Kirin to Acquire Minority Stake in India’s Bira 91 for $30 Million
India’s B9 Beverages is in the process of selling a minority stake in the New Delhi-based company for $30 million to Tokyo, Japan-headquartered Kirin Holdings
Five months after considering a sale of as much as 20% of the company, India’s B9 Beverages is in the process of selling a minority stake in the New Delhi-based company for $30 million to Tokyo, Japan-headquartered Kirin Holdings, according to the Financial Times and Reuters.
The Financial Times reported that Kirin’s investment would net it a “high single-digit percentage” of the company and mark its first foray into India.
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