A stake in MDH is expected to benefit the consumer goods giant + Recovering dues from Anil Ambani-owned RNRL won’t be easy for Piramal Capital and Housing Finance.
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Going by the FMCG giant’s stated intent and need, fans of the little over four-year-old, digital-first skincare brand have no reason to worry.
Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.
The FMCG major says that the new model is aimed at helping kirana stores and that it won’t affect distributors. These claims deserve a relook.