Sula Vineyards raises Rs. 45 crore

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Sula Vineyards has raised Rs. 45 crore from Indivision India Partners (Future Capital Holdings) and another private investor. The money will be used to setup a new winery at Pimpane near Nashik and to expand the capacity at its existing winery. After the investments both wineries will have a capacity of 2 million litres each. In 2005, GEM India Advisors (GIA) had invested Rs 15 crore in the company.

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