A spicy acquisition is cooking! As per reports, FMCG giant HUL is looking to acquire MDH brand of masalas. India’s largest packaged consumer goods company is reportedly valuing the spicemaker close to Rs 15,000 cr.
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Mahashian Di Hatti Private Limited or MDH as it is popularly known is India's leading spice manufacturer. MDH Spices sells over 60 products in India and deals with at least 1,000 wholesalers and hundreds of thousands of retailers. Its website claims the company can produce 30 tonnes of spices a day.