Sula Vineyards Limited, through its wholly-owned subsidiary Artisan Spirits Private Limited (ASPL), has announced the acquisition of key assets from Moët Hennessy India Private Limited. The purchase, valued at ₹20 crore, includes land, buildings, plant and machinery, and related assets forming the estate of Domaine Chandon India, located in Dindori, Nashik.
The acquisition is structured under an Asset Purchase Agreement (APA) and is subject to the satisfaction of certain closing conditions. The transaction is expected to enhance Sula Vineyards‘ wine tourism business, which remains its strongest growth segment. The strategic location of Domaine Chandon India in Dindori, where Sula already operates a winery, is anticipated to enable efficient operational management and connectivity, contributing to the next phase of growth in the wine tourism sector.
The consideration for the acquisition will be discharged in cash, funded through a combination of internal accruals and debt. Additional costs related to acquiring inventory will be determined closer to the transaction’s closing date, as specified in the APA.
The transaction is not classified as a related party transaction, as neither Sula Vineyards’ promoter, promoter group, nor its group companies hold any interest in Moët Hennessy India Private Limited. The acquisition does not involve the purchase of the seller entity itself but focuses on the identified assets.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).