Business Other News 16 Dec 2016 HUL arm sells some l ...

HUL arm sells some leather business assets to Hindustan Foods

PTI | DECCAN CHRONICLE
Published Dec 16, 2016, 3:31 pm IST
Updated Dec 16, 2016, 3:37 pm IST
Shares of Hindustan Unilever Ltd were trading 0.88 per cent higher at Rs 824.40 on BSE.
 Shares of Hindustan Unilever Ltd were trading 0.88 per cent higher at Rs 824.40 on BSE.

New Delhi: FMCG major Hindustan Unilever Ltd(HUL) today said its subsidiary Pond's Exports Ltd will sell certain movable assets and inventory of its leather business to Hindustan Foods for an undisclosed sum.

"Pond's Exports Ltd (PEL), a subsidiary of Hindustan Unilever Ltd, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods Ltd for sale of certain movable assets and inventory with respect to the leather business of PEL," Hindustan Unilever Ltd said in a BSE filing.

Hindustan Foods said, "This marks the entry of Hindustan Foods Ltd in the leather shoes exports space with a global clientele". Shares of Hindustan Unilever Ltd were trading 0.88 per cent higher at Rs 824.40 on BSE.

...




ADVERTISEMENT

More From Other News

-->