Verlinvest Asia Pte has divested a 12.56 per cent stake in Sula Vineyards for Rs 513 crore through an open market transaction. Verlinvest Asia Pte offloaded a total of 1.06 crore shares at Rs 484.13 per piece. After the transaction, Verlinvest Asia Pte’s shareholding fell to 6.08 per cent from 18.64 per cent stake.
Sula Vineyards is India’s largest wine producer and seller. The company is the market leader across all four price segments, being ‘Elite’, ‘Premium’, ‘Economy’ and ‘Popular’. Furthermore, the company is also recognized as the market leader across wine variants, including red, white and sparkling wines.
