Estimated cost of acquisition is Rs 200 crore
The Anil Ambani-led Reliance Group is all set to pick up financial investor Everstone Private Equity's 30 per cent stake in Nashik Vintners, the parent of India's largest winemaker Sula. As per media reports, the cost of this acquisition is around Rs 200 crore.
Reports also suggest that Ambani is teaming up with Singapore-based wine investor Ravi Vishwanathan for this deal. However, so far there are no official words from either party on this possible acquisition.