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Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hindustan Unilever says completed sale of two brands to LT Foods Middle East DMMC
Friday, 22 Jul 2016 12:51am EDT 

Hindustan Unilever Ltd : Completed sale of brands "Gold Seal Indus Valley" and "Rozana", to LT Foods Middle East DMMC, a group company of LT Foods India Limited .  Full Article

Hindustan Unilever approved divestment of shareholding in Kimberly-Clark lever to Kimberly-Clark
Monday, 18 Jul 2016 05:54am EDT 

Hindustan Unilever Ltd : Board approved divestment of shareholding in Kimberly-Clark lever to its JV partner Kimberly-Clark corp . To set up new manufacturing unit in assam with proposed investment of about inr 10 billion . Both HUL, KCC will work together to define terms and future operating model for business . New Assam unit will augment production capacity of personal care products .  Full Article

Hindustan Unilever June-qtr profit rises
Monday, 18 Jul 2016 05:53am EDT 

Hindustan Unilever Ltd : June-quarter net profit 11.74 billion rupees; June-quarter net sales from operations 79.88 billion rupees . Consensus forecast for June-quarter net profit was 11.53 billion rupees .  Full Article

Hindustan Unilever recommended final dividend of INR 9.50 per share
Monday, 9 May 2016 05:06am EDT 

Hindustan Unilever Ltd : Recommended final dividend of inr 9.50 per share .  Full Article

Hindustan Unilever March-quarter net profit rises
Monday, 9 May 2016 05:06am EDT 

Hindustan Unilever Ltd : Says March-quarter net profit 10.90 billion rupees ;March-quarter net sales from operations 78.09 billion rupees . Consensus forecast for March-quarter net profit was 10.12 billion rupees .  Full Article

Hindustan Unilever Ltd - Kodaikanal mercury poisoning: HUL, ex-staff sign settlement - The Hindu
Wednesday, 9 Mar 2016 07:00pm EST 

Hindustan Unilever Ltd:Hindustan Unilever Limited (HUL) has finally entered into a settlement to provide “undisclosed” ex-gratia amount to the victims consisting of future health care benefits - The Hindu.The company was facing a ‘class action litigation’ moved by the former workers of its thermometer factory at Kodaikanal who were allegedly exposed to toxic mercury vapour during their employment.Claiming the settlement as historical, the association’s counsel R. Vaigai said, “This is the first ever class action litigation moved by industrial workers against occupational health exposure.”.Highlighting the significance of the case, she said, “We have approached the court through a writ petition invoking Article 21, seeking the Central and the State governments to protect the life and personal liberty of the workers.We have not moved a plea for compensation/ damages.”.According to a joint statement issued by the HUL and the employees association, the settlement has been entered into on humanitarian considerations to put an end to the long-standing matter pending before the court for several years, in view of the suggestion of the Madras High Court.“We have worked hard over many years to address this and find the right solution for our former workers. We, alongside all involved, are glad to see an outcome to this long-standing case.The wellbeing of our employees and the communities in which we operate has and will always remain paramount.  Full Article

Hindustan Unilever Ltd signs agreement with Mosons Group for acquisition of its flagship 'Indulekha' brand
Thursday, 17 Dec 2015 04:22am EST 

Hindustan Unilever Ltd:Says that it has signed an agreement with Mosons Group to acquire its flagship brand 'Indulekha.Says deal envisages acquisition of the trademarks 'Indulekha' and 'Vayodha', intellectual property, design and knowhow, for a consideration of 3.30 bln Indian rupees.Payable upon closing of the transaction and a deferred consideration of 10 oct. on the domestic turnover of the brands each year, payable annually for a 5 year period commencing FY18.  Full Article

Hindustan Unilever Ltd declares interim dividend
Wednesday, 14 Oct 2015 05:24am EDT 

Hindustan Unilever Ltd:Declares interim dividend of 6.50 Indian rupees per equity share of face value of 1 Indian rupee each for the financial year ending March 31, 2016.Says dividend will be paid to the shareholders on or after Nov. 02.  Full Article

Hindustan Unilever Ltd signs agreement with Everstone for sale of Modern bakery business
Tuesday, 8 Sep 2015 07:01am EDT 

Hindustan Unilever Ltd:Has signed an agreement for the sale and transfer ofits bread and bakery business under the brand 'Modern' to Nimman Foods Private Ltd.  Full Article

2,100 batches of Indian goods including those made by Hindustan Unilever Ltd fail to gain entry in US - Economic Times
Friday, 12 Jun 2015 08:00pm EDT 

Hindustan Unilever Ltd:Says US food and drug regulator has in the past one year rejected more than 2, 100 import batches of made in India products across food, personal care and health supplement categories, including those made by companies such as Hindustan Unilever- Economic Times.Says the reasons for rejection vary from minor labelling issues to products manufactured in unhygienic conditions to pesticides being above permissible limits, according to data put out by the US Food and Drug Administration (USFDA) on its website.Says most Indian companies say the items that have been rejected were shipped by unauthorised third-party importers.Companies say the items were made in plants that are not supposed to manufacture for the US market, and that in some cases they were even unaware that these batches have been denied entry.  Full Article