Consumer goods company Hindustan Unilever Limited (HUL) has announced the appointment of Ritesh Tiwari as the Executive Director, Finance and CFO and a member of the Board with effect from May 1, 2021. Tiwari will also be taking over as the Vice President -Finance, South Asia, Unilever. His appointment is still subject to necessary government…
Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company, announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd. This acquisition was announced on March 23, 2020 and was subject to certain closing conditions, which have now been fulfilled, the Company said in their press statement. Launched in 2013…
GlaxoSmithKline, a British multinational pharmaceutical company, announced that it has sold its stake in Unilever’s Indian business for $3.35 billion. The funds will help GSK in its goal of reinvigorating its drug development pipeline, having made costly bets on experimental cancer treatments and future cell and gene therapies amid sluggish revenue growth. The 133.77 million…
India’s largest FMCG company Hindustan Unilever Limited (HUL), recently announced that it has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with HUL. This merger was first announced in December 2018 and was subject to obtaining necessary approvals. It is being said that the acquisition is one of the largest deals in the…
Hindustan Unilever Ltd, a Mumbai-based consumer goods company announced the appointment of Wilhelmus Uijen as its Whole-time Director, effective from 1st January, 2020. According to its press statement, “This is further to our letter dated 14th October, 2019, intimating the appointment of Mr. Wilhelmus Uijen as a Whole-time Director on the Board of the Company…
Fast-moving consumer goods major Hindustan Unilever announced an all-equity merger of itself with GlaxoSmithKline Consumer Healthcare Limited (GSK CH India), for a transaction worth Rs 31,700 crore in the country’s largest deal within consumer goods market. The all-equity merger deal includes an exchange ratio of 4.39 HUL shares for each GSK Consumer India share, along with…