India, May 7 -- B9 Beverages Ltd, which owns craft beer brand Bira91, has reportedly delayed interest payouts to some of its debt investors through supply chain financing platform KredX.
A retail investor told ET that for the last two months he did not receive any interest payment for the investments he made via KredX.
The investor who has debt exposure to the beer brand said that he hasn't received payments in March and April for investments made via KredX, the report added.
Notably, B9 Beverages raised working capital debt through KredX in exchange of unpaid invoices as security.
However, B9 founder Ankur Jain told ET that the company has been working with KredX for over six years and meets all obligations to the platform as well as...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.