Hindustan Unilever (HUL) has completed merger of GlaxoSmithKline Consumer Healthcare (GSKCH) with itself, almost 15 months after the announcement of the mega deal. The board of HUL also gave its approval to the acquisition of the Horlicks brand from GSK for Rs 3,045 crore as part of an option available in the original agreement made between HUL and GSK.
Besides, other Health Food Drinks (HFD) brands of GSKCH -- Boost, Maltova and Viva -- would come to HUL's portfolio by virtue of the merger, making it a leading player in the segment.
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.
