|
Mumbai:
The board of directors of Hindustan Lever Limited in a
meeting today approved the proposal for amalgamation of
Vashisti Detergents Limited (VDL), with the company. The
board has also approved the share exchange ratio of 1:10.
Steps
are now being taken to obtain the approval of the shareholders
and the Mumbai High Court for the scheme of amalgamation.
The
board of VDL has also approved the proposal for amalgamation
with the company in a separate meeting held today.
HLL
is India''s largest FMCG company, with a presence in
over 20 distinct categories in home and personal care
products, and foods and beverages
|
