{"id":30866,"date":"2022-03-23T15:37:29","date_gmt":"2022-03-23T10:07:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-mdh-hul\/"},"modified":"2022-03-23T16:24:07","modified_gmt":"2022-03-23T10:54:07","slug":"biz-mdh-hul","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-mdh-hul\/","title":{"rendered":"Leading spice maker MDH denies any move to sell business to HUL"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1368102242\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3793899931\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Terming such reports as &#8220;completely false, fabricated and baseless&#8221;, MDH in a message posted on its official Twitter account urged people &#8220;not to believe such rumours&#8221;.<\/p>\n<p>&#8220;MDH Pvt Ltd is a legacy, which Mahashay Chimi Lal Ji and Mahashay Dharampal Ji nurtured all their lives, and we are committed to taking that legacy forward with all our heart,&#8221; said a message from MDH Chairman Rajeev Gulati.<\/p>\n<p>FMCG major HUL, which owns popular household brands such as &#8211; Lux, Lifebuoy, Surf Excel, Rin, Wheel, Ponds &#8211; declined to comments on the issue. &#8220;We do not comment on market speculation,&#8221; said an HUL spokesperson.<\/p><div class=\"trade-content_5\" id=\"trade-1679341174\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>A report had claimed HUL is in talks with the Delhi-based Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake. It had further claimed that the value of this deal may be anywhere between Rs 10,000 to Rs 15,000 crore. However, MDH declined any such considerations.<\/p>\n<p>Recently several leading FMCG players such as ITC and Tata Consumers Pvt Ltd have increased their play into the spices segment, which is considered to be a high margin business. In 2020, ITC had acquired Sunrise Foods &#8212; a prominent player in the spice market in Eastern India, in a Rs 2,150 crore deal.<\/p>\n<p>Dharampal Gulati, who had brought the family company from Sialkot, Pakistan to India after division, and turned the business empire worth over a thousand crores, passed away in December 2020.<\/p>\n<p>After that, the business was passed to the next generation. MDH has a range of over 60 products. Its spices are also exported to several countries. PTI KRH KRH BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-2039295016\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as &#8220;completely false, fabricated and baseless&#8221;, MDH in a message posted on its official Twitter account urged [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-30866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leading spice maker MDH denies any move to sell business to HUL - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-mdh-hul\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leading spice maker MDH denies any move to sell business to HUL\" \/>\n<meta property=\"og:description\" content=\"Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. 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