HUL gains on inking agreement with Everstone for sale of Modern bakery business

Hindustan Unilever Ltd. | Household & Personal Products | FMCG | BSE: 500696 | NSE: HINDUNILVR

09 Sep 2015 Evaluate

HUL is currently trading at Rs. 807.05, up by 4.60 points or 0.57% from its previous closing of Rs. 802.45 on the BSE.

The scrip opened at Rs. 805.00 and has touched a high and low of Rs. 810.00 and Rs. 805.00 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 979.00 on 11-Mar-2015 and a 52 week low of Rs. 708.00 on 28-Oct-2014.

Last one week high and low of the scrip stood at Rs. 840.50 and Rs. 785.55 respectively. The current market cap of the company is Rs. 1,74,633.00 crore.

The promoters holding in the company stood at 67.22% while Institutions and Non-Institutions held 18.74% and 14.04% respectively.

Hindustan Unilever (HUL) has signed an agreement for the sale and transfer of its bread and bakery business under the brand – ‘Modern’ to Nimman Foods, an investee company of the Everstone Group, for an undisclosed consideration. The company’s decision to divest is in line with its strategy to exit non-core businesses, while continuing to drive its growth agenda in the core packaged foods business.

The company’s bread and bakery business consists of a full range of white and sweet breads, health and wellness breads and value added bakery products such as cakes, muffins, buns, pays, cream rolls under the well-known ‘Modern’ brand name. The business currently has six own operating manufacturing units and a network of franchisees across India.

The transaction is subject to statutory approvals and requisite clearances. It includes sale and transfer of the ‘Modern’ brand and business on a going concern basis. The company and Everstone will work together to secure the necessary approvals to complete the transaction over the next few months. The company will continue to manage the operations until the completion of the transaction.

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.

Hindustan Unilever Share Price

2264.45 -23.45 (-1.02%)

11-May-2026 09:26 View Price Chart

Peers

Company Name	CMP
Hindustan Unilever	2264.45
Godrej Consumer Prod	1032.05
Dabur India	480.95
Colgate Palmol. (I)	2171.50
P&G Hygiene	9892.00
View more..

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