M&A

M&A

Sula Vineyards to acquire Chandon’s 19-acre estate in Nashik

Business Line  

Sula Vineyards Ltd has signed a pact with Moet Hennessy India Pvt Ltd to acquire Chandon’s wine production facility and estate in Dindori, Nashik, Maharashtra.The 19-acre estate includes a wine production facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres, along with a visitor centre, banquet facility and 5 acres of vineyards.The transaction, structured as an asset purchase agreement, covers land, buildings and winemaking infrastructure but excludes brand-related assets. The acquisition is being executed through Sula’s wholly owned subsidiary, Artisan Spirits Pvt Ltd, and is expected to close by the end of Q1 FY27. The company will commence hospitality facilities and a tasting room upon handover.Following completion, Chandon will cease wine production in India, and output from the estate will be marketed under Sula’s portfolio without use of the Chandon brand.Sula operates multiple wineries across Maharashtra and Karnataka and has a portfolio of over 50 labels.