Sula Vineyards to acquire Chandon’s 19-acre wine estate in Nashik to expand wine tourism

Wine producer Sula Vineyards on Wednesday (March 25) said it has signed a definitive agreement with Moet Hennessy India Private Ltd to acquire Chandon’s wine estate in Dindori, Nashik.The 19-acre property includes a 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 estate offers a platform for premium wine tourism and the development of a landmark destination wine resort. Sula will begin operations of the existing hospitality facilities and tasting room upon handover to ensure continuity.Also Read: Sula Vineyards eyes entry into premium spirits market via acquisition: Sources

The estate is strategically located a 20-minute drive from Nashik Airport, which is expected to see increased connectivity ahead of the Kumbh Mela. Its proximity to Sula’s existing wineries in Dindori will allow seamless operational integration.

The acquisition, structured as an asset purchase agreement, covers land, buildings, and winemaking infrastructure, while excluding all brand-related assets. The transaction will be executed through Sula’s wholly owned subsidiary, Artisan Spirits Private Limited (ASPL), and is expected to close by the end of Q1 FY27, subject to regulatory approvals.Following completion, Chandon will cease wine production in India, and wines produced at the estate will be marketed by Sula under its own portfolio, with no use of the Chandon brand.

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Rajeev Samant, Founder and CEO of Sula Vineyards, said, “This is a once-in-a-lifetime opportunity to acquire a truly world-class estate. When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value.

Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally, attracting over 3 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.”

Shares of Sula Vineyards Ltd ended at ₹152.50, up by ₹2.60, or 1.73%, on the BSE.

Also Read: Sula Vineyards reports stable Q2 revenue, wine tourism hits record high