Hindustan Unilever Ltd.

Hindustan Unilever (HUL) and entities of Piramal Realty, a Ajay Piramal Group have signed an agreement for assignment of HUL's leasehold rights of the land and building named ‘Gulita’ situated at Worli Sea Face in Mumbai, for a transaction value of Rs 452.5 crore. The consideration includes both fixed and variable components.

Hindustan Unilever is India's largest Fast Moving Consumer Goods Company touching the lives of two out of three Indians.

The company has posted a rise of 18.24% in its net profit of Rs 753.81 crore for the quarter ended December 31, 2011 as compared to Rs 637.51 crore for the same quarter in the previous year. Total income has increased by 15.62% from Rs 5,204.73 crore for Q3FY11 to Rs 6,017.71 crore in the quarter under review.