Business Standard

Verlinvest

Belgium's Verlinvest to double its bets in India's growing consumer market

The firm, which has over 2 billion euros in assets under management, counts brands such as vegan milk maker Oatly , coconut water seller Vita Coco, and pet products retailer Chewy in its portfolio

Belgium's Verlinvest to double its bets in India's growing consumer market
Updated On : 04 Oct 2024 | 12:32 PM IST

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

Investment company Verlinvest Asia Pte Ltd on Thursday divested a 12.56 per cent stake in wine producer Sula Vineyards for Rs 513 crore through an open market transaction. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards. The shares were sold at Rs 484.13 per piece, taking the transaction size to Rs 513.17 crore. After the transaction, Verlinvest Asia Pte Ltd's shareholding fell to 6.08 per cent from 18.64 per cent stake, shareholding data showed with the exchange. Meanwhile, HDFC Mutual Fund, Ghisallo Master Fund LP, Morgan Stanley Asia Singapore Pte, Societe Generale acquired a total of 59.58 lakh shares of Sula Vineyards at Rs 484 per piece. This took the deal value to Rs 288.39 crore.

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr
Updated On : 31 Aug 2023 | 11:01 PM IST

Verlinvest bets on India's consumer story

The family office has backed firms in food & beverages and education

Verlinvest bets on India's consumer story
Updated On : 09 Nov 2017 | 5:50 PM IST