Shares of Sula Vineyards slipped over 6% in the morning trade today after a large block deal of 1.16 crore shares or total 13.76% equity took place. The block deal was worth Rs 676.6 crore. Reports suggested that Virlinvest Asia PTE was likely to offload its entire 8.34% stake in the company via a block deal today. However, there is no immediate confirmation on who are the participants in the block deal.
Sula Vineyards share price hit an intraday low of Rs 570.60 in the morning trade. As of 9:50 AM, Sula Vineyards stock price was at Rs 575.25, down 6.8% on the NSE. So far this year, the stock has surged over 15% and is up nearly 20% in the last three months.
