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Hindustan Unilever Ltd.
BSE: 500696 | NSE: HINDUNILVR
Large Cap | Household & Personal Products
2428.20
15.05 (0.62%) HUL inks agreement to sell its rice export business for Rs 25 crore
Date: 18-03-2016Hindustan Unilever (HUL) has inked an agreement for the sale of its rice exports business to LT Foods Middle East DMCC for Rs 25 crore. This primarily includes brands ‘Gold Seal Indus Valley’ and ‘Rozana’. The brands registered a turnover of Rs 51 crore in 2014-15.
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.
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.