Hindustan Unilever Limited to buy Nagpur-based dairy giant Dinshaw’s for Rs 1000 crore?

Radhika Dhawad | Sep 14, 2019 14:59

Once again rumours are rife that FMCG giant Hindustan Unilever Limited may soon buy popular Nagpur-based dairy giant company Dinshaw’s for around Rs 1000 crore. Nagpur brothers Dinshaw and Erachshaw Rana founded the dairy company in 1930s, which now yields a revenue of Rs 500 crore per year. As reported by Times of India, the one of India’s oldest and reputed ice-cream makers was only trying to ascertain its brand value in the market, which is said to be around Rs 2,300 crore.

Also read:  We bought stake in Dinshaw’s as we didn’t want a Parsi company to shut down: Jamashp Bapuna

One of the oldest and the largest manufacturers of alcohol, the Bapuna Group in Nagpur, apart from producing their own alcohol beverages, in 2002 diversified by acquiring 50% stake in Dinshaw’s owned by the Ranas. However, when we tried reaching Joint Managing Director Jamashp Bapuna for the same, our calls and texts went unanswered.

Watch below: Dinshaw’s: Hot Nagpur’s coolest factory, which produces 5 lakh litres ice cream per day!