Hindustan Unilever (HUL) has received approval from its board to form a new 100% subsidiary of the company. This company will be incorporated with an authorised share capital of Rs 2000 crore.
This new subsidiary has been formed to leverage the growth opportunities in a fast-changing business environment and will help the company in becoming more agile and customer-focused.
HUL is India’s largest Fast Moving Consumer Goods Company with a heritage of over 80 years in India and touches the lives of nine out of ten Indian households.
