India’s largest winemaker Sula inches up in market debut

BENGALURU, Dec 22 (Reuters)Sula Vineyards Ltd SULA.NS inched up on its trading debut on Thursday, valuing the wine maker at 30.4 billion Indian rupees ($367.64 million), after drawing a weaker-than-expected response to its initial public offering last week.

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The stock listed at 361 rupees on the National Stock Exchange, at a 1.1% premium to its offer price of 357 rupees.

($1 = 82.6900 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Dhanya Ann Thoppil)

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