Hindustan Unilever may be leading the race to pick up Nagpur-based Dinshaw’s Dairy Foods, which has been on the block since April. HUL is reportedly negotiating an all-cash deal at Rs 1,000 crore with the promoters of Dinshaw’s, one of India’s oldest ice cream makers, valuing the company at two times its estimated FY19 sales of Rs 450 crore. Some of the other contenders that HUL might have edged out include private equity firms like Carlyle and Blackstone.