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ndian craft beer maker Bira is in talks to raise $132 million in its biggest ever fundraising, with New York-based investment group Global Emerging Markets (GEM) as one of the potential suitors, according to term sheets seen by Reuters.
Bira has become popular over the years amid a thriving social drinking scene across the country. The market is still dominated by likes of AB InBev, Carlsberg and Heineken, with Bira having an under 5% share.
Term sheets seen by Reuters show Bira is in talks to raise $50 million via the equity route from alternative…
