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Sula Vineyards has entered into an agreement to acquire the Nashik-based wine estate of Moët Hennessy India, which operates the Chandon brand, in an asset deal valued at INR 20 crore. The acquisition includes a 19-acre property with a fully operational winery and hospitality infrastructure. The move will strengthen Sula's production capacity and expand its wine tourism presence in Nashik. Following the deal, Chandon will exit domestic wine production. The transaction is expected to be completed in the first quarter of FY27, subject to approvals.
Sula Vineyards has signed a definitive agreement to acquire the wine production facility and estate owned by Moët Hennessy India in Dindori, Nashik. The transaction, valued at INR 20 crore, is structured as an asset purchase and includes land, buildings, winery infrastructure, and related hospitality facilities. Advertisement
The acquisition is being carried out through Sula's wholly owned subsidiary, Artisan Spirits Pvt Ltd, and will be funded through internal accruals. In addition to the fixed deal value, the company may pay a separate amount for inventory, depending on its valuation at the time of closure.
The estate spans around 19 acres and is located in Dindori, which is considered one of the key grape-growing regions in Nashik. The facility has a current production capacity of about 4.5 lakh litres per year, with scope to expand this to nearly 13 lakh litres. Along with winemaking infrastructure, the property also includes a visitor centre, tasting rooms, and event spaces, which are already aligned with wine tourism activities.
Following the completion of the transaction, Moët Hennessy India will discontinue wine production under the Chandon brand in India. The existing facility will be integrated into Sula's operations, and future production at the site will be used for Sula's own portfolio. The company has indicated that there will be no continuation of the Chandon label at this location.
Sula's management has highlighted that the Dindori region is known for producing high-quality wine grapes and sees this acquisition as an opportunity to strengthen its presence in this micro-market. The company also plans to further develop the site as a wine tourism destination, building on its existing hospitality-led model in Nashik, which has seen steady visitor traction over the years.
The Nashik region has been developing as India's primary wine hub over the past two decades, supported by favourable climate conditions and increasing domestic consumption. Sula, being one of the early players in the region, has consistently expanded both its production footprint and tourism-led offerings, including vineyard stays, tastings, and events.
The transaction is expected to be completed in the first quarter of FY27, subject to regulatory approvals and closing conditions.
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