Sula Vineyards' Subsidiary Acquires Domaine Chandon India Assets from LVMH Group Affiliate
Artisan Spirits Private Limited (ASPL), a wholly-owned subsidiary of Sula Vineyards Limited, has successfully acquired identified assets forming part of the Domaine Chandon India estate. The purchase was finalized through the execution and registration of a Sale Deed with Moët Hennessy India Private Limited (MHIP), a subsidiary of Moët Hennessy (part of the LVMH group).The transaction, which took place on June 23, 2026, concerns the acquisition of specific assets from MHIP. The acquired estate is located in Dindori, Nashik, and includes the land, building, plant, machinery, and related assets comprising the Domaine Chandon India property.
ASPL made an initial payment towards the purchase of these identified immovable assets. In total, the aggregate consideration for the transaction was Rs. 20 crore, excluding inventory, taxes, and statutory levies. ASPL discharged the Initial consideration amount of Rs. 14,85,70,000 in connection with the acquisition.
The balance consideration for the purchase stands at Rs. 5 crore. This remaining amount is subject to payment by ASPL within a period of 12 months from the closing date and includes payments toward the acquired inventory, determined as per the agreed mechanism under the Asset Purchase Agreement (APA).
Strategic Significance of Acquisition
The acquisition holds strategic importance for Sula Vineyards, given the location of the property. The Domaine Chandon India is situated in Dindori, Nashik, which is an area where Sula Vineyards already operates its own winery. This proximity enables efficient operational management and connectivity between the two properties.The transaction is expected to significantly enhance the wine tourism business segment for the Company, which remains one of its strongest growth areas. Furthermore, the acquired estate holds potential to establish an additional destination in Dindori, contributing to the next phase of growth in this critical segment.
Transaction Summary Details
A summary of the key terms and financial details related to the asset acquisition are provided below:| Particulars | Details |
|---|---|
| Acquiring Entity | Artisan Spirits Private Limited (ASPL), wholly-owned subsidiary of Sula Vineyards Limited |
| Selling Entity | Moët Hennessy India Private Limited (MHIP), a subsidiary of the LVMH group |
| Assets Acquired | Land, building, plant and machinery, and related assets of Domaine Chandon India Estate in Dindori, Nashik |
| Total Consideration | Rs. 20 crore (excluding inventory, taxes, and levies) |
| Initial Consideration Paid | Rs. 14,85,70,000 |
| Remaining Consideration | Rs. 5 crore, payable within 12 months from the closing date |
| Transaction Status | Acquisition of identified assets |
SULA Stock Price Movement
Sula Vineyards Limited shares slipped by 2.15% in trading today, settling at ₹154.78 as the market closed. The stock recorded a volume of 223,748 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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