Sula Vineyards Acquires Chandon’s Nashik Estate to Expand Wine Tourism Footprint
March 25, 2026, Mumbai : Sula Vineyards Limited (NSE: SULA), India's largest wine producer, announced the signing of a definitive agreement to acquire Chandon's wine production facility and estate in Dindori, Nashik.Sula Vineyards has entered into an agreement with Moet Hennessy India Private Limited to acquire the 19-acre estate. The acquisition includes a wine production facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres, an ultra-premium visitor centre, a banquet facility, and 5 acres of vineyards. The facility is located a 20-minute drive from Nashik Airport and is near Sula’s existing wineries in Dindori.
The transaction, structured as an asset purchase agreement, covers land, building, and winemaking infrastructure, excluding brand-related assets. The acquisition will be completed through Sula’s wholly owned subsidiary, Artisan Spirits Private Limited (ASPL), and is expected to close by the end of Q1 FY27, subject to regulatory approvals. Following the completion of the acquisition, Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio.
"This is a once in a lifetime opportunity to acquire a truly world-class estate," said Rajeev Samant, Founder & CEO of Sula Vineyards. "Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally attracting over 3.5 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori."
About Sula Vineyards Limited
Sula Vineyards Limited is India's largest wine company, holding over 50% of the domestic premium wine market. The company’s portfolio includes over 50 labels.As a pioneer of wine tourism in India, Sula's Nashik campus attracts over 3.5 lakh visitors annually. The company’s hospitality portfolio includes three luxury resorts in Nashik -The Source, Beyond, and The Haven -with a combined 154 keys. It also operates four wine-themed restaurants and tasting rooms.
With five wineries across Maharashtra and Karnataka, Sula produces over 1 million cases of wine annually.
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