Spread across 19 acres, the estate to be acquired comprises a highly advanced wine production facility for sparkling wines using traditional method of fermentation, with an annual capacity of 450,000 liters, scalable up by almost 2.5x to 1.3 million liters. The property also features an ultra-premium tourist center, a banquet facility, and 5 acres of vineyards, offering a premium immersive wine tourism platform. The facility makes it a perfect setting for developing a landmark destination wine resort to complement The Source, for instance.

Sula will commence operations of the existing hospitality facilities and tasting room upon handover. Additionally, the estate’s strategic location offers key advantages. It is located just a 20-minute drive from Nashik Airport, which is expected to see increased air traffic and enhanced connectivity ahead of the upcoming Kumbh Mela- Scheduled to begin in late 2026 and extend through 2028. Moreover, proximity to Sula’s existing wineries in Dindori will enable a seamless operational integration.

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The transaction is an asset purchase agreement covering land, building, and winemaking infrastructure, while excluding all brand-related assets like Chandon. The acquisition is being undertaken through the company’s wholly owned subsidiary, Artisan Spirits Private Limited (ASPL) and is expected to close by end of Q1 FY27, subject to completion of regulatory approvals. Following completion, Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio, with no ongoing use of the Chandon brand.

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Rajeev Samant, Founder CEO of Sula Vineyards seems to have pulled off a coup as he sees a great possibility of expanding the wine tourism business along with the sparkling wines, says elatedly,’  “This is a once in a lifetime opportunity to acquire a truly world-class estate. When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value. Dindori is widely regarded as the home of India’s finest wine grapes, and this acquisition strengthens our presence here. Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally already attracts over 3 lakh visitors annually. There is a strong potential to develop another landmark destination wine resort in Dindori. We believe this estate will play a key role in the next phase of growth for our wine tourism business.”

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Subhash Arora