Winemaker Sula to test IPO market after tech unicorns flop

Winemaker Sula to test IPO market after tech unicorns flop

Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India’s small but rapidly growing wine market. The 26-year-old company has opened tasting rooms and hosted an annual music festival as part of its effort to make the drink fashionable in a young country with an expanding middle class.

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