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Sula Vineyards to acquire Chandon’s world-class estate in Nashik

Sula Vineyards Ltd. | Breweries & Distilleries | FMCG | BSE: 543711 | NSE: SULA

27 Mar 2026 Evaluate

Sula Vineyards has signed a definitive agreement with Moet Hennessy India to acquire Chandon’s world-class estate in Dindori, Nashik, unlocking a high-quality, scalable platform for the company’s next phase of growth. Spread across 19 acres, the estate comprises a highly advanced wine production facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres. The property also features an ultra-premium visitor centre, a banquet facility, and 5 acres of vineyards, offering a premium immersive wine tourism platform. Collectively, these features make it a perfect setting for developing a landmark destination wine resort.

Sula will commence operations of the existing hospitality facilities and tasting room upon handover, ensuring continuity without skipping a beat. Additionally, the estate’s strategic location offers key advantages. It is located just a 20-minute drive from Nashik Airport, which is expected to see increased air traffic and enhanced connectivity ahead of the upcoming Kumbh Mela. Moreover, proximity to Sula’s existing wineries in Dindori enables seamless operational integration.

The transaction structured as an asset purchase agreement, covers land, building, and winemaking infrastructure, while excluding all brand-related assets. The acquisition is being undertaken through company’s wholly owned subsidiary, Artisan Spirits (ASPL) and is expected to close by end of Q1 FY27, subject to completion of regulatory approvals. Following completion, Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio, with no ongoing use of the Chandon brand.

Sula Vineyards is India’s largest wine producer and seller. The company is the market leader across all four price segments, being ‘Elite’, ‘Premium’, ‘Economy’ and ‘Popular’.

Sula Vineyards Share Price

175.85 -2.10 (-1.18%)

23-Apr-2026 16:59 View Price Chart

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Sula Vineyards to acquire Chandon’s world-class estate in Nashik

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