News Digest

15 December 2017
Bira beer maker raises Rs. 25 cr from Anicut Cap

B9 Beverages, the maker of Bira beer, has raised Rs 25 crore by issuing debentures to Anicut Capital, as it expands its geographic footprint to cash in on the rising popularity of craft beer. The company, in its latest filing with the Registrar of Companies, said it has issued 250 non-convertible debentures worth `10 lakh each to Grand Anicut Fund 1 last month. The Rs 300-crore fund is the first for the Chennai based alternative asset management firm that seeks to invest mainly in small and medium enterprises. The brewer, that counts Sequoia Capital as one of its key investors, has so far raised nearly $35 million.

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