Beer maker Bira plans $132 million fundraising; GEM among suitors

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Indian craft beer maker Bira is in talks to raise $132 million in its largest funding round, with New York-based Global Emerging Markets (GEM) reportedly among potential investors. The funds will address working capital needs and pending dues, following a name change that caused significant business disruption and losses. Bira aims for business recovery through sales and supply chain restructuring.