Reliance Capital jointly acquires stake in Sula wines with Verlinvest and VisVires

Reliance Capital, Verlinvest and VisVires India Wineries have jointly acquired Rs 275-crore stake in Nashik Vintners, parent of Sula wines. The deal values India's top winemaker at Rs 700 crore and provides a handsome exit to its early financial investors led by Everstone Capital. The transaction also includes Rs 60-crore capital infusion into the company by the three acquiring shareholders. Reliance Capital together with VisVires India Wineries, company owned by a Singapore-based investor Ravi Viswanathan, will now hold 29% stake in the company. Verlinvest, a Belgian family office belonging to the founders of beer giant Anheuser Busch InBev, will increase its stake to 23%. Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.