Acquisitions25 Mar 2026, 03:45 pm
Sula Vineyards to Purchase Assets from Moët Hennessy India for Rs. 20 Crores
AI Summary
Sula Vineyards Ltd, through its wholly-owned subsidiary Artisan Spirits Private Limited, has approved the purchase of identified assets from Moët Hennessy India Private Limited, a wholly-owned subsidiary of Moët Hennessy (part of the LVMH - Louis Vuitton Moët Hennessy group). The assets, comprising land, buildings, plant and machinery, and related assets, are located in Dindori, Nashik, and the transaction is valued at Rs. 20 Crores excluding expenses pertaining to Inventory, applicable taxes and other statutory levies. The transaction is subject to the satisfaction of closing conditions and the completion of closing deliverables as stipulated under the Asset Purchase Agreement.
Key Highlights
- Sula Vineyards' subsidiary, Artisan Spirits Private Limited, to purchase assets from Moët Hennessy India Private Limited.
- The assets include land, buildings, plant and machinery, and related assets located in Dindori, Nashik.
- The transaction is valued at Rs. 20 Crores excluding expenses pertaining to Inventory, applicable taxes and other statutory levies.
- The transaction is subject to the satisfaction of closing conditions and the completion of closing deliverables as stipulated under the Asset Purchase Agreement.
- The proposed transaction is expected to enhance wine tourism business and establish an additional destination in Dindori.