Kirin has become the first known corporate investor to take a small stake in the beer brand, in a deal valuing it a bit below $300m.
Brewery group Kirin has agreed to buy a stake in India-based beer producer Bira 91 for $30m, The Financial Times reported yesterday, citing people with direct knowledge of the talks.
The deal will provide Kirin with a stake in the company sized just below 10% and the investment will be made up of a 50/50 split of equity and debt financing, Bira 91 told the Economic Times.
Founded in 2015, Bira 91 produces a range of 25 craft beer brands…
