Sula Vineyards has received approval for execution of the share purchase agreement (SPA) with the existing shareholders of N D Wines for the purchase of entire shareholding of 32,80,000 equity shares, which would result in the company holding 100% of the equity share capital of N D Wines thus making it a wholly owned Subsidiary. The acquisition will be completed by April 30, 2024. The Board of Directors of the company at their meeting held on April 4, 2024, approved the same.
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.
| Company Name | CMP |
|---|---|
| United Spirits | 1303.00 |
| United Breweries | 1494.10 |
| Radico Khaitan | 3188.25 |
| India Glycols | 975.65 |
| Allied Blenders | 573.50 |
| View more.. | |
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