Shares of Sula Vineyards Ltd were trading in the red and 7% lower on 19 February after 1.16 crore shares changed hands via a block deal.

Around 1.16 crore shares, representing 13.76% equity of the company, changed hands on the exchanges for an average price of Rs 579 per share for a total deal value of Rs 676.6 crore.

The buyers and sellers involved in this deal are yet to be identified.

In its quarterly report for October-December, the company reported a 9.4% year-on-year increase in net profit to Rs 43 crore for the quarter from Rs 39.28 crore reported in the same quarter last year.

The revenue from operations for the quarter stood at Rs 203.04 crore, marking a 6.50% YoY increase from the same quarter last year.

The company also announced an interim dividend of Rs 4 per share for the current fiscal year.

In the last six months, the shares of the company have given a return of around 16% and have given a return of around 50% in one year.

At 1:32 pm, the shares of Sula Vineyards were trading 6.58% lower at Rs 576.90 on NSE.