Agriculture commodities giant Olam is seeking to acquire Vallabhdas Kanji, Times of India reports. The Kochi-based spices business firm of the JV Mariwala Group consists of Argonaut and Ascent as minority investors.

This move will help the Singapore firm in venturing into the fragmented Indian spices market. Vallabhdas Kanji is a processor of spices and spice ingredients and often sets the benchmark for black pepper in the global commodity markets.

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