Sula Vineyards raises Rs. 45 crore


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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