Sula Vineyards Acquires Chandon Nashik Estate
Analysis based on 7 articles · First reported Mar 25, 2026 · Last updated Mar 27, 2026
The acquisition by Sula Vineyards is expected to positively impact its stock price due to expanded production capacity and strengthened wine tourism business. LVMH's exit from wine production in India may have a minor negative impact on its regional presence but is unlikely to significantly affect its global market standing.
Sula Vineyards has signed a definitive agreement with LVMH India Private Ltd to acquire Chandon's wine estate in Dindori, India — Nashik, for ₹20 crore. This 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 acquisition, executed through Sula Vineyards' wholly owned subsidiary Artisan Spirits Private Limited, is expected to close by the end of Q1 FY27, subject to regulatory approvals. Following completion, Chandon will cease wine production in India, and Sula Vineyards will market wines produced at the estate under its own portfolio. Rajeev Samant, Founder and CEO of Sula Vineyards, highlighted the strategic importance of the acquisition for expanding Sula Vineyards' wine tourism business and strengthening its presence in Dindori, a region known for fine wine grapes.
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