Reliance Capital today said its wholly-owned subsidiary has sold 19.05 per cent stake in wine producer Sula Vineyards Private Ltd for Rs 256 crore.
"Reliance Corporate Advisory Services Ltd has sold 30,06,833 equity shares held in an unlisted company namely Sula Vineyards Private Ltd (representing 19.05 per cent of paid up equity share capital), for an aggregate consideration of Rs 256 crore," Reliance Capital said in a filing to the BSE.
Reliance Corporate Advisory Services is a 100 per cent subsidiary of Reliance Capital.
Besides, Reliance Corporate Advisory Services Ltd sold 47,28,081 equity shares, or 14.90 per cent, held in an unlisted company namely KGS Developers Limited for Rs 82 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹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
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
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