Bira 91 chief Ankur Jain quits board in settlement
Synopsis Bira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes
Synopsis Bira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes.
The company faces a severe financial crisis and has suspended production. Existing investors will recapitalize Bira 91 and resume operations soon. Legal proceedings between parties
have also been dropped as part of the agreement.
The BriefWire