Hindustan Unilever Ltd.

BSE: 500696 | NSE: HINDUNILVR
Large Cap | Household & Personal Products
2359.65
6.20 (0.26%)
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Hindustan Unilever informs about divestment

Date: 18-02-2023
Hindustan Unilever has informed that Hindustan Unilever (Company) has entered into definitive documents (Transaction Documents) for sale and divestment of ‘Annapurna’ and ‘Captain Cook’ brands in the ‘Atta & Salt’ categories of the foods business of the Company including the trademarks, copyrights and other intellectual properties and any exclusive assets and contracts associated with the brands to Uma Global Foods and Uma Consumer Products, affiliates/nominees of CSAW Aqbator Pte, (Singapore) in terms of the Transaction Documents (Transaction). The Transaction also involves distribution support by the Company to provide transitionary support for a period of 24 months. The Transaction is subject to fulfilment of certain terms and conditions as specified in the Transaction Documents.

The above information is a part of company’s filings submitted to BSE.