(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)
Byju's Dollar Loan Trading
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app