New Delhi, Oct. 29 -- Kirin Holdings of Japan and Anicut Capital, B9 Beverages' largest shareholder and lender, have taken control of Bira 91's The Beer Cafe, Bira 91's fully owned subsidiary, by acquiring the shares pledged by its parent, according to filings with the Registrar of Companies.

Beer Cafe operates under Better Than Before (BTB), a wholly owned subsidiary of B9 Beverages Pvt. Ltd., which is the parent company of Bira 91.

Speaking on the latest development, Ankur Jain, Founder and CEO of Bira 91 told CNBC TV-18, BTB "continues to be a wholly owned subsidiary of B9," and that some lenders have taken "actions that are in contravention with contracts and illegal."

Jain mentioned that B9 challenged Anicut Capital's actions in t...