Sula Vineyards Limited agreed to acquire N D Wines Private Limited for INR 140 million.

Sula Vineyards Limited is an India-based wine producer and seller. The Company is engaged in the business of manufacturing, purchasing and sale of alcoholic beverages, such as wines and spirits. The Company operates under two categories of business: wine business and wine tourism. Its wine business is engaged in the production of wine, the import of wines and spirits, and the distribution of wines and spirits. Its wine tourism business is engaged in the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms. The Company's product categories include red wine, white wine, Rose Wine, sparkling wine and wine in a can. Its red wine products include Syrah, Zinfandel, Shiraz and Shiraz Cabernet. Its white wine products include Chardonnay, Viognier, Chenin Blanc and Riesling. The Company's Rose Wine products include Grenache Rose Wine and Zinfandel Rose. Its wine in a can products include White Wine Sparkler and Red Wine Sparkler.