Sula Vineyards Limited announced the signing of a definitive agreement to acquire Chandon’s wine production facility and estate in Dindori, Nashik.
Unlocking a scalable and premium wine platform
Sula Vineyards has signed a definitive agreement with Moet Hennessy India Private Limited to acquire Chandon’s estate in Dindori, Nashik. The 19-acre property includes a wine production facility with a capacity of 4.5 lakh litres, scalable to 13 lakh litres, along with a visitor centre, banquet space, and 5 acres of vineyards.
Seamless transition and strategic location advantage
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.
Transaction structure and operational transition
The transaction, structured as an asset purchase agreement, includes land, building, and winemaking infrastructure, excluding brand-related assets. The acquisition is being carried out through the company’s wholly owned subsidiary, Artisan Spirits Private Limited, and is expected to close by the end of Q1 FY27, subject to regulatory approvals. Post completion, Chandon will cease wine production in India, with Sula marketing wines from the estate under its own portfolio.
Leadership perspective on the acquisition
Commenting on the acquisition, Rajeev Samant, Founder & CEO of Sula Vineyards said: “This is a once in a lifetime opportunity to acquire a truly world-class estate. When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value. 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 3 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.”
