VDL shareholders approve merger with HLL

Mumbai: The shareholders of Vashisti Detergents Limited (VDL) have approved the resolution for amalgamation of the company with Hindustan Lever Limited at a High Court convened meeting on Saturday. The motion was approved by 100 per cent valid votes cast in favour of the resolution.

The High Court of judicature of Bombay had convened a meeting of the shareholders of Vashisti Detergents Limited (VDL), on 24th September, 2005 at the registered office, Chiplun, to consider the amalgamation of the VDL with HLL.

The board of directors of HLL had earlier approved the proposal for amalgamation of VDL. The board had approved the share exchange ratio of 1:10. The board of VDL had also approved the proposal for amalgamation with the company in a separate meeting.

HLL is India''s largest FMCG company with over 20 categories in its home and personal care products and foods and beverages.