Mumbai, March 2026:
Sula Vineyards Limited has signed a definitive agreement to acquire the wine production facility and estate of Moet Hennessy India Private Limited’s Chandon brand in Dindori, Nashik, marking a significant expansion of its production and wine tourism footprint.
The acquisition, structured as an asset purchase agreement, will be executed through Sula’s wholly owned subsidiary, Artisan Spirits Private Limited. The deal is expected to close by the end of the first quarter of FY27, subject to regulatory approvals.
Premium estate with expansion potential
Spread across 19 acres, the Dindori estate houses a state-of-the-art wine production facility with an existing capacity of 4.5 lakh litres per annum, scalable up to 13 lakh litres. The property also includes a premium visitor centre, banquet facilities, and around 5 acres of vineyards.
Sula plans to continue operating the existing hospitality and tasting facilities immediately upon handover, ensuring business continuity.
Strategic location advantage
The estate is located about 20 minutes from Nashik Airport, which is expected to see increased traffic and improved connectivity ahead of the upcoming Kumbh Mela. Its proximity to Sula’s existing wineries in Dindori is expected to enable seamless operational integration.
No brand transfer; Chandon to exit India production
The transaction includes land, buildings, and winemaking infrastructure but excludes brand-related assets. Following the completion of the deal, Chandon will cease wine production in India, and wines from the facility will be marketed under Sula’s portfolio without use of the Chandon brand.
Focus on wine tourism growth
Sula said the acquisition will help it scale up its premium wine tourism offerings. The company already operates one of the world’s most-visited vineyards near Gangapur Lake in Nashik, attracting over 3 lakh visitors annually.
Commenting on the deal, Founder and CEO Rajeev Samant described it as a “once-in-a-lifetime opportunity” to acquire a world-class estate and highlighted Dindori’s reputation as a prime region for high-quality wine grapes.
The company expects the acquisition to play a key role in its next phase of growth, particularly in building a landmark destination wine resort in the region.
