Reliance Capital’s wholly owned subsidiary has sold 19.05% stake, in Sula Vineyards Private Ltd for Rs.256 crore.

In a filing to BSE, Reliance Capital stated, “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% of paid up equity share capital), for an aggregate consideration of Rs.256 crore.”

Further, Reliance Corporate Advisory Services Ltd which is a 100% subsidiary of Reliance Capital, sold 47,28,081 equity shares, constituting 14.90% stake, held in an unlisted company namely KGS Developers Limited for Rs.82 crore.

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