Advertisement
Singapore markets closed
  • Straits Times Index

    3,110.73
    +36.47 (+1.19%)
     
  • Nikkei

    32,307.86
    -550.45 (-1.68%)
     
  • Hang Seng

    16,334.37
    -11.52 (-0.07%)
     
  • FTSE 100

    7,554.47
    +40.75 (+0.54%)
     
  • Bitcoin USD

    44,189.08
    +901.30 (+2.08%)
     
  • CMC Crypto 200

    914.81
    +18.10 (+2.02%)
     
  • S&P 500

    4,604.37
    +18.78 (+0.41%)
     
  • Dow

    36,247.87
    +130.49 (+0.36%)
     
  • Nasdaq

    14,403.97
    +63.98 (+0.45%)
     
  • Gold

    2,020.80
    -25.60 (-1.25%)
     
  • Crude Oil

    71.26
    +1.92 (+2.77%)
     
  • 10-Yr Bond

    4.2450
    +0.1160 (+2.81%)
     
  • FTSE Bursa Malaysia

    1,441.97
    -0.88 (-0.06%)
     
  • Jakarta Composite Index

    7,159.60
    +24.98 (+0.35%)
     
  • PSE Index

    6,234.77
    -71.08 (-1.13%)
     

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

FILE PHOTO: Sula wine bottles are pictured inside a liquor store in Mumbai

(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)