Hindustan Lever has received shareholders'' approval
for changing its name to Hindustan Unilever, the company
said in a communique to the Bombay Stock Exchange (BSE).
India''s largest FMCG company, said its annual general
meeting (AGM) on May 18 passed the resolution entailing
the change of its name to Hindustan Unilever Ltd (HUL),
had, in February, said that the proposed name change
would provide the optimum balance between maintaining
the heritage of HLL and the future benefits and synergies
of global alignment with the corporate name of Unilever.
name change is a significant milestone. It retains the
company''s continued commitment toward its local roots
while leveraging the global scale and reputation of
Unilever with its consumers and other stakeholders in
India." HLL chairman and Unilever Asia AMET (Africa,
Middle East and Turkey) president Harish Manwani had
set up its first Indian subsidiary Hindustan Vanaspati
Manufacturing Company in 1931, followed by Lever Brothers
India Limited (1933) and United Traders Limited (1935).
These three companies merged to form HLL in November