Indian wine maker Sula Vineyards to raise 9.60 billion rupees in IPO

MUMBAI (Reuters) - India's largest wine maker Sula Vineyards plans to raise 9.60 billion rupees ($116.46 million) in its initial public offering, Chief Executive Rajeev Samant said on Wednesday.

Shares will be priced between 340-357 rupees in the IPO, the first by a wine maker in the South Asian country, which will include the sale of shares by Samant as well as Belgian investment firms Verlinvest and Cofintra SA.

($1 = 82.4350 Indian rupees)

(Reporting by Tanvi Mehta in New Delhi and Sriram Mani in Mumbai; Editing by Nivedita Bhattacharjee)