HLL board approves share swap of 1:10 for Vashishti detergents
By Our Convergence Bureau | 11 Aug 2005
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