BlackRock's Rs 500 Crore Sip into Bira91

BlackRock, the global asset management giant, is in advanced discussions to invest Rs 500 crore in B9 Beverages, the company behind the Bira91 craft beer brand. The investment, structured as debt, will be routed through holding entities controlled by Ankur Jain, founder and promoter of B9 Beverages.

The capital infusion will serve dual purposes: enabling the buyout of early-stage investors such as Peak XV Partners and Sofina, and providing fresh funding to support the company’s growth plans. In addition, B9 Beverages is launching a Rs 100 crore rights issue on May 22, with a closing date set for June 2025.

Ankur Jain has confirmed that the company aims to raise a total of USD 100 million from a combination of institutional investors and family offices. The funds will be used in part to exit early investors and to enhance liquidity for expansion.

News by Rahul Yelligetti.