In your interest.
Online Personal Finance Magazine
No beating about the bush.
India’s largest winemaker Indage Vintners is battling to survive a financial crisis. Indage has scaled down most of its operations in several key regions outside its home base in Maharashtra which has led to a steep fall in sales of its brands. Besides, Indage is carrying a debt of around Rs300 crore which it had raised to fund its ambitious global expansion in 2007 and 2008.