New Delhi, Mar 29 (PTI) 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. Also Read - Sensex Tumbles Over 1,000 Pts Due to Selloff in IT, Telecom Stocks; Nifty Drops Below 11,700
“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. Also Read - Happiest Minds Technologies Makes Bumper Market Debut, Lists At 111% Premium Over Issue Price
Reliance Corporate Advisory Services is a 100 per cent subsidiary of Reliance Capital. Also Read - Vodafone Idea Records Q1 Loss of Rs 25,460.20 crore as Pandemic Hits Business
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.
This is published unedited from the PTI feed.