*Nashik Vintners Pvt. Ltd.* is looking to raise PE funds through the issue of new shares. The company intends to use the funds to expand into Tier II cities and boost capacity.
*Rajeev Samant* – the founder of Nashik Vintners plans to open 700 wine – tasting clubs across the country. Nashik Vintners Pvt Ltd makes wines and sells it under the brand name – *Sula Wines*. It has entered into an alliance with The Wine Web, New York Wine Exchange and Novum Wines to sell wines in the overseas markets. Sula Wines reported a PAT of Rs 74 Lacs on revenues of Rs 54 Cr for the last fiscal. Earlier in 2004, *GEM India Advisors* invested $3.5 Mn in Sula Wines for a 35% stake in the company. They also have two management seats. GEM India Advisors exited Nashik by selling its stake to *Indivision India Partners*for $12.50 Mn in Aug’07. *Haystack Investments Ltd* and *ICP Holdings* are the other institutional shareholders in Nashik Vintners. *Recent Deals * Mumbai based *Indage Vintners* raised $4.55 Mn from New Vernon PE Ltd and Arisaig Partners India Fund in 2009. Indage has also raised $2 Mn from Reliance Capital in 2005. *Wine Industry in India* According to *ReportBuyer* (which provides business intelligence for major industry sectors) The Indian wine market is estimated at Rs250-400 crore and it is expected to grow by 25-30% annually between 2009-12. Favourable government policies, increasing disposable income, amplified wine marketing and influence of western culture have been outlined as the major reasons for the expected growth. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
