Hindustan Unilever Ltd.

HUL has signed a trademark licence agreement with Unilever, under which it will pay 1 per cent of net sales on specific brands as royalty to its UK-based parent. Unilever of the UK holds 52 per cent stake in the Indian subsidiary.

Further, the board also approved amendments to the existing technical collaboration agreement (TCA) with Unilever Plc to include additional product categories, where technical inputs are provided by Unilever. The revised TCA and the trademark license agreement will come into effect from January 1, 2010 and will enable the company to continue to leverage Unilever's capabilities to further build and grow the business in India.