Sula Vineyards Limited

Sula Vineyards Limited

Sula Vineyards Limited, through its wholly-owned subsidiary Artisan Spirits Private Limited (ASPL), has completed the acquisition of identified assets forming the Domaine Chandon India estate from Moët Hennessy India Private Limited (MHIP). The acquisition, located in Dindori, Nashik, involved an aggregate consideration of Rs. 20 crore (excluding inventory, taxes), with an initial payment of Rs. 14.86 crore made and the balance Rs. 5 crore due within 12 months. This strategic asset purchase is expected to enhance Sula's wine tourism business and establish a new destination, contributing to future growth.