HUL to demerge its ice cream enterprise, HUL newest information: Massive-cap FMCG large Hindustan Unilever Restricted (HUL) introduced at present (Wednesday, October 23, 2024) that it will demerge its ice cream enterprise.
Earlier, it had introduced to demerge its resorts enterprise to unlock worth for its shareholders.
“It’s hereby knowledgeable that the Board, at its assembly held at present on twenty third October, 2024, has determined to separate the Ice Cream enterprise, primarily based on the advice of the Unbiased Committee,” HUL stated in a press release on Wednesday.
“Based mostly on the additional suggestions of the impartial committee, the Board will decide the mode of separation by the top of this 12 months with an goal of maximising worth for all shareholders.”
Hindustan Unilever share value historical past
The inventory of Hindustan Unilever closed buying and selling on BSE on Wednesday down by 0.90 per cent, or Rs 24.05, at Rs 2,658.00 every.
The inventory of the FMCG large has grown by 6.98 per cent within the 1-year interval.
The benchmark Nifty 50, in the meantime, has jumped 26.73 per cent.
