The transaction structured as an asset purchase agreement, covers land, building and winemaking infrastructure, while excluding all brand-related assets
Sula Vineyards has signed a definitive agreement with Moet Hennessy India to acquire Chandon’s estate in Dindori, Nashik, unlocking a scalable platform for the company’s next phase of growth. Spread across 19 acres, the estate comprises a wine production facility with an annual capacity of 4.5 lakh litre, scalable up to 13 lakh litre.
The property also features an ultra-premium visitor centre, a banquet facility and five acre of vineyards, offering an immersive wine tourism platform, the company said. Collectively, these features make it ideal for developing a landmark destination wine resort, the regulatory filing noted.
Sula will commence operations of the existing hospitality facilities and tasting room upon handover. The transaction structured as an asset purchase agreement, covers land, building and winemaking infrastructure, while excluding all brand-related assets.
“Dindori is widely regarded as the home of India’s finest wine grapes, and this acquisition strengthens our presence here. Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally attracting over three lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori,” stated Rajeev Samant, Founder and Chief Executive Officer (CEO), Sula Vineyards.
The acquisition is being undertaken through company’s wholly owned subsidiary, Artisan Spirits or ASPL and is expected to close by end of the first quarter of the next financial year (Q1FY27), 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.
