Investors acquire stake in Nashik Vintners

A Rs 275 crore stake is being acquired in Nashik Vintners, the parent company of Sula Wines by Belgian family office Verlinvest, Reliance Capital and VisVires India Wineries.

The transaction includes Rs 60 crore capital infusion into the company by the three acquiring shareholders. Reliance Capital and VisVires India Wineries, which is owned by a Singapore-based investor Ravi Viswanathan will now hold 29 percent stake in the company.