Some large institutional stakeholders in homegrown beer maker B9 Beverages, the parent of Bira 91, have begun discussions to remove founder and chief executive Ankur Jain, amid mounting losses, governance concerns, and an escalating cash crisis, sources close to the company told CNBC-TV18 on Tuesday.

The move is being spearheaded by Kirin Holdings (Japan) and Peak XV Partners (formerly Sequoia Capital India), Bira’s two largest institutional investors, as per sources. This move follows a petition by more than 250 current and former employees demanding Jain’s ouster. The petition cited unpaid salaries, vendor defaults, and a lack of financial transparency, calling for new leadership to stabilise operations.

Kirin, a global brewing major that owns around 20.1% of Bira 91, has been a key st

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