Sula Vineyards Acquires Chandon's Nashik Estate and Wine Production Facility

Sula Vineyards Acquires Chandon's Wine Production Facility for Rs 20 Crore

Key Highlights

• Sula Vineyards has signed a definitive agreement to acquire Chandon's wine production facility and estate in Dindori, Nashik, for Rs 20 crore.
• The acquisition is being undertaken through Sula Vineyards' wholly-owned subsidiary, Artisan Spirits (ASPL).

Acquisition Details

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• The 19-acre wine production facility has an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres.
• The facility will be used to produce wines under Sula Vineyards' portfolio, with no ongoing use of the Chandon brand.

Wine Tourism Expansion

• The acquisition strengthens Sula Vineyards' presence in Dindori, widely regarded as the home of India's finest wine grapes.
• The company plans to develop a landmark wine resort in Dindori, leveraging its strategic location and picturesque setting.
• The new resort will complement Sula Vineyards' flagship wine tourism destination near Gangapur Lake in Nashik, which attracts over 3 lakh visitors annually.

Timeline

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• The acquisition is expected to close by the end of the first quarter of FY27, subject to completion of regulatory approvals.