MDH Spices Company of late Dharampal Gulati, who is called the emperor of the world of spices, has reached the verge of sale. According to the report, Hindustan Unilever Company may buy a large stake in MDH. This deal is expected to be done for 10 to 15 thousand crore rupees.
According to the report, preparations are being made to sell it and Hindustan Unilever (HUL) is at the fore in the race to buy it. After the news of this deal came to light on Tuesday, HUL’s shares were open at the level of Rs 2055.
HUL may buy the stake
A report said that Hindustan Unilever Limited is in talks to buy a major stake in MDH spice maker Mahashiyan Di Hatti. It has been said in the report that this deal between MDH and HUL can be between 10 to 15 thousand crore rupees. It said that the market for branded spices in the country is huge and it is estimated that it will double to 50,000 crores by 2025.
Monsieur Dharampal Gulati created the brand
Born on March 27, 1923, in Sialkot, Pakistan, Mahashay Dharampal Gulati started MDH Spices Company with a small kiosk in the name of Mahashiyan Di Hatti. After this, people liked his spices so much that this MDH became a big brand. It is worth noting that Dharampal Gulati passed away on 3 December 2020.
MDH is not going to sell, the company told the news going on in the media as baseless
The MDH company has denied the media reports, in which it was being claimed that the company was about to be sold. The company called it completely wrong and baseless.
One of the most popular brands of spices in India, MDH is in discussion these days. It was being claimed in media reports that the company is on the verge of sale and a big FMCG company of the country can buy it. However, MDH has called this news completely baseless and baseless.
completely wrong news
The company’s chairman Rajiv Gulati said in his official statement that the news being run by social media and some mainstream media that MDH Pt. Ltd is sold out, completely false, and baseless.
He further said that MDH Pt. Ltd is the legacy of Mahashay Chunni Lal Ji and Mahashay Dharampal Ji and we are committed to taking it forward wholeheartedly.
Gulati said that such fake news is strongly condemned and we appeal to the people not to believe in any such rumors.
Read Also:
- Offering Bitcoin Account Access, Helps FIs Take ATMs Tech Into the Future
- Tata Motors ready to dominate the car market! Preparations for acquisition of Ford’s Sanand plant
- 2022 WagonR facelift: Maruti Suzuki launches WagonR facelift starting at Rs 5.39 lakh
- Flipkart Quick Delivery: Flipkart Grocery Door Delivery Just in 45 Minutes
- Surge in onion prices adds another layer of pain for Indiaâs consumers
(Like our Facebook page for the latest posts, as well as follow us on Google News and Twitter. )
