Private Equity PE Fund Investments
Japan's Kirin invests Rs.570-Cr more to raise stake in Bira 91 to 20%
Japanese beverages group Kirin Holdings has increased its stake in New Delhi-headquartered B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional INR 570 crore in the company. The investment values the beer maker at USD 550-600 million post the fundraise.
Kirin Holdings had invested USD 30 million in the company early last year.
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From the Venture Intelligence PE-VC Deal Database: Between Jan-16 and Jul-21, Bira had raised over USD 160 M from Sixth Sense Ventures, Valiant Capital, Sofina, Sequoia Capital India, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)