Khaitan & Co advises Bira 91 in relation to it equity investment through (Series D) of USD 70 million from Kirin Holdings Pte. Ltd.

   

DEAL DETAILS

B9 Beverages Private Limited | Series D fund raise- from Kirin Holdings Pte Ltd

NO

HEADINGS

DETAILS

1.

 

Sector

Alcohol beverages

2.

 

Announcement Date

22-Nov-2022

3.

 

Completion Date

On-going

4.

 

Name of Client

B9 Beverages Private Limited

5.

 

Issuer Details

B9 Beverages Private Limited | India (Bira 91)

B9 Beverages is a start up with the mission to bring a craft beer revolution in India. It is engaged in the business of manufacturing and marketing of Bira91 beer.

6.

 

Subscriber Details

Kirin Holdings Japan (invested through the Singapore entity Kirin Holdings Pte. Ltd.)

7.

 

Deal Description

Advised Bira 91 in relation to its second round of investment of USD 70 million from Kirin Holdings Pte. Ltd. Kirin Holdings had earlier invested USD 30 million in Bira 91 in 2021.

8.

 

Total Consideration

USD 70 Million

9.

 

Team Members

The core team consisted of Mayank Singh (Partner), Kairavi Shah (Senior Associate), Suchita Vyas (Associate) and Esha Chauhan (Associate) with assistance from the following:
Assistance on competition law related aspects: Pranjal Prateek (Partner)

10.

 

Role of Firm

Advised Bira 91 in relation to it equity investment through (Series D) of USD 70 million from Kirin Holdings Pte. Ltd.

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