In line with strategy to exit non-core businesses
Hindustan Unilever (HUL) announced that it has signed an agreement for the sale and transfer of its bread and bakery business under the brand 'Modern' to Nimmam Foods, an investee company of the Everstone Group, for an undisclosed consideration. HUL's decision to divest is in line with its strategy to exit non-core businesses, while continuing to drive its growth agenda in the core packaged foods business.Powered by Capital Market - Live News
