Sula Vineyards Limited, India’s largest wine producer, has announced the signing of a definitive agreement to acquire Chandon‘s wine production facility and estate in Dindori, Nashik. The acquisition, from Moet Hennessy India Private Limited, includes a 19-acre estate with a wine production capacity of 4.5 lakh litres, scalable up to 13 lakh litres. The property also features a visitor centre, banquet facility, and 5 acres of vineyards, enhancing Sula’s wine tourism offerings.
Sula will immediately commence operations of the existing hospitality facilities and tasting room upon handover, maintaining continuity. The estate’s strategic location, just 20 minutes from Nashik Airport, offers logistical advantages, especially with the upcoming Kumbh Mela expected to boost connectivity. Proximity to Sula’s existing wineries in Dindori allows for seamless operational integration.
The transaction, structured as an asset purchase agreement, covers land, building, and winemaking infrastructure, excluding brand-related assets. The acquisition is being executed through Sula’s wholly owned subsidiary, Artisan Spirits Private Limited, and is anticipated to close by the end of Q1 FY27, pending regulatory approvals. Post-acquisition, Chandon will cease wine production in India, and Sula will market wines from the estate under its own portfolio.
Rajeev Samant, Founder & CEO of Sula Vineyards, described the acquisition as a unique opportunity to acquire a world-class estate, praising its beauty and potential. He highlighted the strategic location and picturesque setting of the estate as key to the next phase of growth for Sula’s wine tourism business.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).