Mumbai: Leading Indian wine producer Sula Vineyards has announced that it will acquire the wine production facility and estate of Chandon in Dindori, Nashik, for ₹20 crore. The deal is aimed at strengthening Sula’s presence in the region and expanding its wine tourism business.
The company has signed a definitive agreement with Moët Hennessy India for the acquisition, which will be funded through internal resources. The transaction will be carried out through Sula’s wholly-owned subsidiary, Artisan Spirits.
Spread across 19 acres, the Chandon facility includes a modern winery with an annual production capacity of 4.5 lakh litres, which can be expanded up to 13 lakh litres.
The deal is expected to be completed by the end of the first quarter of FY2026-27, subject to regulatory approvals. Once finalized, Chandon will exit wine production in India, and Sula will use the facility to produce wines under its own brand portfolio.
Commenting on the development, Sula Vineyards Founder and CEO Rajeev Samant said that Dindori is known for producing some of India’s finest wine grapes. He added that the acquisition will further strengthen the company’s footprint in the region.
Sula also plans to develop the estate into a major wine tourism destination. Building on the success of its popular vineyard near Gangapur Lake in Nashik—which attracts over 3 lakh visitors annually—the company sees strong potential in creating another landmark wine resort in Dindori.
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