India's Sula Vineyards falls on report long-term investor exiting co

Sula Vineyards

19/02/2024 08:54

(Adds Sula's comments)
    ** Shares of Sula Vineyards  SULA.NS  down 6.4% at 578.40
rupees
    ** Investment firm Verlinvest Asia PTE is selling its entire
8.34% stake in Sula for $52 mln, TV channel ET Now reported on
Friday 
    ** Verlinvest did not immediately respond to Reuters request
for comment
    ** Sula says not aware of Verlinvest's decision to sell
entire stake in co
    ** Verlinvest had invested in Sula in 2010, as per its
website
    ** Sula shares gained over 50% in 2023 and up 15.5% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))