Mumbai/New Delhi, Nov. 21 -- Japan's Kirin Holdings, among the largest shareholder in B9 Beverages, that operates Bira, is holding joint discussions with stakeholders and creditors of the beer-maker to restructure the existing business including the management and business strategy as the company navigates a funding crunch and employee unrest.

"We recognize the current management situation of B9 Beverages. Based on this, we are continuing joint discussions with other shareholders and creditors on the restructuring of the company," a spokesperson for Kirin said in an emailed response to Mint.

The company clarified that it has no plans to exit its investment in the company nor has there been any decision to sell its shares.

Broadly, the ...