Sula Vineyards shareholder Verlinvest looks to sell up to 12.5% stake- CNBC-TV18

Sula Vineyards

30/08/2023 16:59

Aug 30 (Reuters) - Indian winemaker Sula Vineyards'
shareholder Verlinvest is looking to sell up to a 12.56% stake
in the company through a block deal, CNBC-TV 18 reported on
Wednesday.
    The block price of the deal may be in the range of 473-508.7
rupees per share with a total size of 5.39 billion rupees
($65.38 million), the report said.
    If the sale proceeds, Singapore-based investment firm
Verlinvest Asia will not be able to sell further shares until 60
days, CNBC-TV18 added.
    Sula Vineyards and Verlinvest did not immediately respond to
Reuters requests for comment.
    
($1 = 82.5880 Indian rupees)

 (Reporting by Shubhendu Deshmukh in Bengaluru; Editing by
Shailesh Kuber)
 ((ShubhenduSatish.Deshmukh@thomsonreuters.com;))