Sula buys Chandon Nashik
Sula Vineyards is acquiring Chandon’s 19‑acre Nashik estate to boost production capacity and wine tourism in India—an acquisition aimed at scaling sparkling and visitor experiences. (x.com) The move signals consolidation in fast‑growing Indian wine regions and new sourcing options for sommeliers seeking Indian bubblies. (x.com)
Artisan Spirits Private Limited — a wholly owned subsidiary of Sula Vineyards — approved the asset purchase agreement for the Dindori, Nashik estate at a board meeting on March 25, 2026. (bseindia.com) The transaction consideration is reported at Rs. 20 crore, excluding inventory, applicable taxes and other statutory levies, according to the filing to Indian exchanges. (bseindia.com) The on‑site production plant is stated to have an existing annual capacity of 4.5 lakh litres with built‑in scalability to about 13 lakh litres, offering a sizable boost to sparkling‑wine output potential. (bharatneeti.com) The property includes visitor facilities — a tasting/visitor centre and banquet space — plus roughly five acres of vineyard; reports say Sula will commence operations of the hospitality and tasting facilities on handover to maintain continuity. (businessupturn.com) The seller is Moët Hennessy India Private Limited, the Indian arm of Moët Hennessy (LVMH), the parent house that launched Chandon India in 2014 as its Nashik sparkling‑wine project. (bseindia.com) Sula’s own disclosures show a heavy focus on wine tourism — the company reported tasting footfall of roughly 2.5 lakh visits in FY24 and has cited annual visitor figures in the hundreds of thousands at its Nashik estate — underlining why additional hospitality capacity is strategically relevant. (sulavineyards.com)
