Liquidity Events
Beer-maker Bira 91 acquires pub-chain The Beer Cafe
Domestic premium beermaker Bira 91 has acquired a 100% stake in Gurugram-based alcobev chain The Beer Cafe in an all-stock deal. Investors in The Beer Cafe - including promoters Rahul and Bineeta Singh, Mayfield, Granite Hill and RB Investments - will get shares of Bira 91. Beer Cafe has 33 outlets in 15 cities. The Beer Cafe's management team, led by founder and chief executive Rahul Singh, will continue to lead its operations and will also take up responsibility of Bira 91's newly formed restaurant division.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
