Announced Wed, 24 Jun · 14:36 IST
Sula Vineyards subsidiary completes Domaine Chandon India asset purchase
SULA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹154.95
prior close
₹154.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.0+0.1+0.0-0.1-1.0-1.0-0.7+0.0-1.0-3.2-3.2——
Up moveDown movePending
AI summary
Sula Vineyards wholly owned subsidiary Artisan Spirits (ASPL) has completed the purchase of the Domaine Chandon India estate in Dindori, Nashik from Moet Hennessy India (LVMH group) for Rs 20 crore. Initial payment of Rs 14.86 crore has been made; balance Rs 5 crore plus inventory payment is due within 12 months. The estate is adjacent to Sula's existing winery and is expected to boost wine tourism, the company's strongest growth segment.
Likely market impact
Strengthens wine tourism, the company's strongest growth segment, by adding a marquee estate in Dindori, Nashik next to existing operations.