Daybreak

The IPO gave an exit to shareholders to offload shares worth $116M in the public markets

Show Notes

After 23 years of business in India, Sula has grown to become the giant that dominates the Indian wine market.

Last month, the wine-maker decided to go public through an IPO. The money, however, went straight to some of the investors who cashed out.

And on Dec 22, when it listed on the stock exchanges, Sula’s stock opened flat and fell into discount.

What does the IPO mean for Sula's public-market shareholders then?

Tune in to find out

With inputs from Aayush Agarwal

What is Daybreak?

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

Hosted from The Ken’s newsroom by Snigdha Sharma and Rahel Philipose, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.