Legal21 Aug 2025, 02:17 pm
Sula Vineyards Denies Rumors of Premium Spirits Market Entry via Acquisition
AI Summary
In a statement, Sula Vineyards denied the news item published on 'www.cnbctv18.com' dated 20th August 2025, captioned 'Sula Vineyards eyes entry into premium spirits market via acquisition'. The company clarified that no negotiations or discussions have taken place with respect to any acquisition or entry into the premium spirits market. The price movement is stated to be purely market driven.
Key Highlights
- Sula Vineyards denied the news of entering the premium spirits market via acquisition
- The company stated that no negotiations or discussions have taken place with respect to any acquisition
- The price movement is stated to be purely market driven
- The company is committed to keeping its shareholders and stakeholders informed of all material developments