Sula Vineyards Limited
Main Body
Artisan Spirits Private Limited (ASPL), a wholly owned subsidiary of Sula Vineyards Limited, has completed the acquisition of identified assets from Moët Hennessy India Private Limited (MHIP), a wholly-owned subsidiary of Moët Hennessy (part of LVMH - Louis Vuitton Moët Hennessy group). The assets comprise the land, building, plant and machinery and related assets forming the estate of Domaine Chandon India, located in Dindori, Nashik.
The transaction was executed pursuant to an Asset Purchase Agreement (APA) dated 25th March 2026. The aggregate consideration for the asset purchase is Rs. 20 crore (excluding inventory, taxes, and statutory levies).
On the closing date of 23rd June 2026, ASPL paid an initial consideration of Rs. 14,85,70,000 (Indian Rupees Fourteen Crore Eighty-Five Lakh Seventy Thousand Only) and executed and registered a Sale Deed with MHIP. ASPL has acquired and taken possession of the identified assets.
The balance consideration of Rs. 5 crore is payable within 12 months from the closing date, which includes payment towards acquired inventory and the remaining consideration.
The Domaine Chandon India estate is strategically located in Dindori, Nashik, where Sula Vineyards already operates its own winery. The acquisition is expected to enhance the company's wine tourism business, which is its strongest growth segment, and has the potential to establish an additional destination in Dindori contributing to the next phase of growth.
The transaction does not constitute a related party transaction as neither the promoter, promoter group, nor group companies of Sula Vineyards hold any interest in the seller entity (MHIP).
Other Key Announcements
This disclosure serves as a follow-up to the initial intimation made on 25th March 2026 regarding the execution of the Asset Purchase Agreement. No other material announcements are contained in this document.