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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.
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)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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