Sula Vineyards' Subsidiary Acquires Domaine Chandon Assets for ₹20 Crore
Sula Vineyards' subsidiary, Artisan Spirits Private Limited, will acquire Domaine Chandon India's assets for ₹20 Crores. The deal includes land, buildings, plant, and machinery in Dindori, Nashik. This acquisition aims to boost the company's wine tourism business. The transaction is subject to closing conditions and will be funded by internal accruals and debt.
The acquisition of assets for ₹20 Crore is a significant investment that is expected to contribute to future growth, particularly in the wine tourism segment, thus having a medium-term impact on the company's business.
The acquisition is expected to enhance Sula Vineyards' wine tourism business, a strong growth segment, and establish an additional destination, indicating a positive strategic move for future growth.
Sula Vineyards Limited announced that its wholly-owned subsidiary, Artisan Spirits Private Limited (ASPL), has entered into an Asset Purchase Agreement (APA) with Moët Hennessy India Private Limited (MHIP) to acquire identified assets of Domaine Chandon India. The transaction, valued at ₹20 Crores excluding inventory, taxes, and levies, includes the land, buildings, plant, and machinery located in Dindori, Nashik.
This strategic acquisition is expected to enhance Sula Vineyards' wine tourism business, a key growth segment for the company. The Dindori location is advantageous as Sula already operates a winery there, allowing for efficient operational management and connectivity. The acquisition has the potential to establish an additional destination in Dindori, contributing to future growth in the wine tourism sector.
The consummation of the proposed transaction is subject to the fulfillment of closing conditions and completion of deliverables stipulated under the APA. The consideration will be discharged in two tranches, funded through a combination of internal accruals and debt. This transaction does not constitute a related party transaction as there is no promoter or group company interest in the Seller entity. The deal was approved by ASPL's board of directors on March 25, 2026.
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Sula Vineyards Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sula Vineyards Limited. Read the original for the full detail.