Domestic premium beermaker Bira 91 acquired The Beer Cafe in an all-stock deal

Share via:

Domestic premium beermaker Bira 91 acquired The Beer Cafe, India’s largest alcobev chain, in an all-stock deal that will turn the pub chain into a fully-owned subsidiary of Bira 91. Shares of Bira 91 will be distributed to The Beer Cafe’s investors, which include promoters Rahul and Bineeta Singh, Mayfield, Granite Hill, and RB Investments.

Bira 91 will have a retail presence through The Beer Cafe’s 33 locations, while the pub chain will receive support from the beer company in terms of innovation and supply chain. “The transaction will enable Bira 91 to strengthen its presence in pubs and build a direct-to-consumer platform focused on beer,” said Ankur Jain, CEO of Bira 91. With this acquisition, Bira 91 hopes to accelerate the growth of beer culture in India and deepen consumers’ beer experience, according to him.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Domestic premium beermaker Bira 91 acquired The Beer Cafe in an all-stock deal

Domestic premium beermaker Bira 91 acquired The Beer Cafe, India’s largest alcobev chain, in an all-stock deal that will turn the pub chain into a fully-owned subsidiary of Bira 91. Shares of Bira 91 will be distributed to The Beer Cafe’s investors, which include promoters Rahul and Bineeta Singh, Mayfield, Granite Hill, and RB Investments.

Bira 91 will have a retail presence through The Beer Cafe’s 33 locations, while the pub chain will receive support from the beer company in terms of innovation and supply chain. “The transaction will enable Bira 91 to strengthen its presence in pubs and build a direct-to-consumer platform focused on beer,” said Ankur Jain, CEO of Bira 91. With this acquisition, Bira 91 hopes to accelerate the growth of beer culture in India and deepen consumers’ beer experience, according to him.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

SIAM Promotes Safe Mobility with 9th Inter-School Competition on...

SIAM Promotes Safe Mobility with 9th Inter-School Competition on...

Google, Intel discuss expanding strategic partnerships in Saudi Arabia

Global tech giants Google and Intel discussed with Saudi...

Mozambique Cyber Revolution Summit 2024 – Cybersecurity Innovations: Leading...

We TraiCon Events will be hosting Mozambique’s premier cybersecurity...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!