Sula Vineyards Limited has informed the Exchange regarding a press release dated March 25, 2026, titled "Sula Vineyards (NSE: SULA) Signs a Definitive Agreement to Acquire Chandon s World-Class Wine Estate Spanning 19 Acres in Nashik to Expand its Wine Tourism Footprint".
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Sula Vineyards, India's largest wine producer, has signed a definitive agreement with Moet Hennessy India to acquire Chandon's wine production facility and estate in Dindori, Nashik, spread across 19 acres. The estate includes a production facility with 4.5 lakh litres annual capacity (scalable to 13 lakh litres), 5 acres of vineyards, an ultra-premium visitor centre, and a banquet facility — positioning it for development as a landmark destination wine resort. The deal is structured as an asset purchase covering land, building, and winemaking infrastructure only, with brand assets excluded. It will be executed through Sula's wholly owned subsidiary, Artisan Spirits Private Limited (ASPL), and is expected to close by end of Q1 FY27, after which Chandon will cease wine production in India. The estate is just a 20-minute drive from Nashik Airport, with proximity to Sula's existing Dindori wineries enabling seamless operational integration ahead of the upcoming Kumbh Mela.
This acquisition strengthens Sula's wine tourism footprint and production capacity, potentially boosting long-term growth. However, shares could see short-term volatility due to deal execution risk and pending regulatory approvals; no financial details (deal value) were disclosed.