Sula Vineyards to come out with IPO to raise Rs 960 cr

Mumbai: Sula Vineyards, one of India’s leading wineries from Maharashtra announced on Wednesday that it will hit the country’s capital markets with an initial public offer next week to raise Rs 960 crore.
The IPO, fixed in a price band of Rs 340-357 per share, will open for subscription on Dec 12 and end on Dec 14.
This is purely an offer for sale by its promoters and existing investors, a press release issued here stated. (UNI)