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Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

1,200.90INR
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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

BRIEF-Hindustan Unilever CFO P. B. Balaji resigns‍​

* Says CFO P B Balaji resigns‍​ Source text for Eikon: Further company coverage: