Hindustan Unilever rose 1.43% to Rs 2247.65 after it informed that its board has approved a proposal to form a new 100% subsidiary.
This 100% subsidiary will be incorporated with an authorized share capital of Rs. 2000 crore. The announcement was made after market hours yesterday.
This new subsidiary will leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile and customer-focused.
Hindustan Unilever (HUL) is India's largest fast-moving consumer goods company with its products touching the lives of nine out of ten households in the country.
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