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Business deals

Kirin to buy stake in Indian craft beer maker Bira 91

Deal will be first in country for Japanese group shifting foreign M&A strategy

Products from Be Nine Beverages: Japan's Kirin HD will take a small stake in the emerging craft brewer in India.

NEW DELHI/TOKYO (Financial Times) -- Kirin has agreed to buy a stake in Indian brewer Bira 91 as it looks to improve on a patchy record of overseas deals with its latest bet on the $90bn global craft beer industry.

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