India: Bira eyes $30m funding from private equity firms

India: Bira eyes $30m funding from private equity firms

Photo: Bira's Facebook page

B9 Beverages Pvt. Ltd, the maker of popular beer Bira91, is close to raising $30 million (Rs200 crore) from private equity funds, two people familiar with the development said.

TPG Growth, Blackstone Group Lp and New York-based private investment firm Veronis Suhler Stevenson (VSS) are among funds interested in the Delhi-based beer maker, the people cited above said on condition of anonymity. The talks are in the final stages, they said.

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