Sula Vineyards Acquires Domaine Chandon India Assets for Rs. 20 Crores
Sula Vineyards Limited announced on March 25, 2026, that its wholly-owned subsidiary, Artisan Spirits Private Limited (ASPL), has entered into an Asset Purchase Agreement (APA) to acquire the assets of Domaine Chandon India. The assets include land, buildings, plant, and machinery, located in Dindori, Nashik, from Moët Hennessy India Private Limited, a subsidiary of Moët Hennessy (part of the LVMH group).The total consideration for the purchase is Rs. 20 Crores, excluding expenses related to inventory, applicable taxes, and other statutory levies. ASPL plans to fund the acquisition through a combination of internal accruals and debt.
The acquisition is expected to enhance Sula Vineyards' wine tourism business and establish an additional destination in Dindori. The transaction is subject to the fulfillment of closing conditions as stipulated under the APA.
According to details provided, the Domaine Chandon India estate is strategically located near Sula Vineyards’ existing winery, enabling efficient operational management and connectivity.
Here's a summary of the transaction details:
| Particulars | Details |
|---|---|
| Entity Involved | Artisan Spirits Private Limited (Wholly Owned Subsidiary of Sula Vineyards Limited) and Moët Hennessy India Private Limited |
| Agreement Type | Asset Purchase Agreement (APA) |
| Consideration | Rs. 20 Crores (excluding expenses pertaining to Inventory, applicable taxes and other statutory levies) |
| Transaction Type | Domestic |
| Rationale | Enhance wine tourism business and establish a new destination in Dindori |
| Related Party Transaction | No |
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