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
Join The Ken as a Podcast Producer and work with India's most ambitious storytellers! We’re creating a podcast about India’s biggest companies, with each episode backed by weeks of deep research. You’ll lead the workflows that turn that research into exceptional narratives and bring the show to listeners around the world. Join us to help shape something exceptional. Check out the details and apply
here.
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 Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.