In a bid to expand it footprint in other states, Spices producer and retailer NHC Foods is planning to acquire processing units in central Indian states.
Further, the company is planning to launch new brands for which it will raise Rs 50 crore through qualified institutional placement to acquire new units in India and abroad.
NHC Foods which sells Saaz Masala and gourmet spices, intends to expand its footprint to other states with the Government regulations making it mandatory to sell powdered spices and condiments only in packed form.
