Acquisitions25 Mar 2026, 06:11 pm
Sula Vineyards Acquires Chandon's World-Class Wine Estate in Nashik for INR 100 Crores
AI Summary
Sula Vineyards Ltd, India's largest wine producer, has signed a definitive agreement to acquire Chandon's wine production facility and estate in Dindori, Nashik. The 19-acre estate includes a highly advanced 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 transaction, valued at INR 100 Crores, is expected to close by the end of Q1 FY27, subject to regulatory approvals. Post-acquisition, Chandon will cease wine production in India, and the estate's production will be marketed by Sula under its own portfolio.
Key Highlights
- Sula Vineyards to acquire Chandon's world-class wine estate in Nashik
- The estate includes a highly advanced wine production facility with a capacity of 4.5 lakh litres
- The transaction is valued at INR 100 Crores
- The acquisition strengthens Sula's presence in Dindori, a region known for India's finest wine grapes
- The estate is expected to play a key role in the next phase of growth for Sula's wine tourism business