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.
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!