Less than a decade after emerging as one of India's most recognisable homegrown beer brands, Bira 91 is entering a new chapter—this time without its founder at the helm.
The Economic Times reported on Wednesday that founder Ankur Jain has stepped down from the board and agreed to relinquish executive control and ownership as part of a settlement with institutional investors and lenders, bringing to a close a bruising two-year standoff over the future of B9 Beverages.
