BlackRock, a global asset management firm, is in advanced stage of talks to invest Rs 500 crore in B9 Beverages, the maker of Bira91 craft beer, through structured debt. The investment will be directed to holding companies controlled by Ankur Jain, the founder and promoter of B9 Beverages.
The funds are intended to acquire shares from early-stage investors such as Peak XV Partners and Sofina, while also injecting fresh capital into the company. In parallel, the company is also set to launch a Rs 100 crore rights issue on 22 May, expected to close in June 2025.
Ankur Jain confirmed plans to raise a total of USD 100 million from a mix of investors and family offices, which will be partly used to buy out early investors and to boost liquidity for company growth.