Hindustan Unilever (HUL) has received an approval from the Chandigarh bench of National Company Law Tribunal (NCLT) for the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer Healthcare (GSK Consumer Healthcare).
Earlier, the Mumbai Bench of the NCLT had sanctioned the scheme on November 6, 2019 and the order was subject to sanction of the Chandigarh Bench of NCLT. The effective date of the scheme will be communicated upon being finalised in accordance with the procedure specified by the Mumbai NCLT and Chandigarh NCLT.
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.
