Bira 91 beer founder Ankur Jain quits board, gives up control in settlement

Bira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes. The company faces a major financial crisis and has suspended production. Existing investors will recapitalize Bira 91 and resume operations soon. Legal proceedings between parties have also been dropped as part of the agreement.

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