Indian winemaker Sula's IPO oversubscribed with bids worth $190m

Indian winemaker Sula's IPO oversubscribed with bids worth $190m

Sula Vineyards Ltd’s initial public offering was oversubscribed on Wednesday with bids worth 15.65 billion rupees ($189.63 million), although some analysts had expected still more demand for India’s largest wine producer.

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