Sula Vineyards Limited signed an agreement to acquire Chandon’s wine estate in Dindori, Nashik. The deal has been structured as an asset purchase covering land, buildings and production infrastructure, with no transfer of brand ownership.
As per the filing, the acquisition is being carried out through its wholly owned subsidiary, Artisan Spirits Private Limited. The transaction remains subject to regulatory approvals and is expected to be completed by the end of Q1 FY27.
The estate spans 19 acres and includes a wine production facility with an annual capacity of 4.5 lakh litres. This capacity can be expanded to 13 lakh litres over time.
The property also includes a visitor centre, banquet space, and around 5 acres of vineyards. These assets combine production and hospitality infrastructure within the same site.
Sula is expected to begin operations of the existing tasting room and hospitality facilities once the property is handed over. The company will market wines produced at the facility under its own labels.
Following the completion of the transaction, Chandon will discontinue wine production in India. There will be no continued use of the Chandon brand at the site.
The estate is located about 20 minutes from Nashik Airport. The region is expected to see improved connectivity and higher travel activity in the coming period.
Its proximity to Sula’s existing facilities in Dindori allows for integration across production and logistics. This may support operational continuity after the transition.
The site includes infrastructure suited for visitor engagement, including tasting spaces and event areas. Sula currently operates a vineyard destination in Nashik that attracts over 3 lakh visitors annually.
The addition of this estate is expected to expand the company’s presence in wine tourism within the region.
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As of March 27, 2026, 9:19 am, Sula Vineyards Ltd share price was trading at ₹156.73, a 2.61% increase from the previous closing price.
The acquisition adds production capacity and hospitality assets in Nashik. Subject to approvals, the estate will be integrated into Sula’s existing operations in FY27.
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Published on: Mar 27, 2026, 9:57 AM IST
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