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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In another blow, founder Ankur Jain stands to lose further control over his troubled beer brand.
Addendum: A legal proceeding followed this invocation of shares in Bira parent B9 Beverages. Day1 Advisors, which is owned by founder Ankur Jain and his father, Ashok Jain, had filed a suit in the Delhi high court to stop the transfer of the shares. But the court refused to grant any interim relief and sent the two parties to arbitration.
We wrote about the update here: No interim relief for Bira founder on pledged shares.
The court judgement further shed light on the details of the dispute and explained how exactly the Bira shares ended up with Sunil Munjal. …
