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Hindustan Unilever divests its shareholding in Brooke Bond Real Estates

23 Mar 2015 Evaluate

Hindustan Unilever (HUL) has divested its entire shareholding in Brooke Bond Real Estates (BBREPL), a wholly owned subsidiary of HUL, in favour of Brigade Properties, a subsidiary of Brigade Enterprises.  Consequently, BBREPL ceased to be a subsidiary of the Company with effect from March 23, 2015.

HUL is India’s largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians.

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