Web3 dec. 2024 · undefined. Hindustan Unilever (HUL) on Monday said it was merging GlaxoSmithKline (GSK) Consumer Healthcare with itself in a transaction worth Rs 317 billion, in the largest deal of the consumer goods space in the country. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Web2 dec. 2024 · HUL relaunches Horlicks Protein Plus, unveils TVC with new brand ambassador Akshay Kumar Conceptualised by FCB Ulka, the TVC highlights the problems of an urban Indian adult, whose typical diet is ...
GlaxoSmithKline Consumer Healthcare Limited merges …
Web1 apr. 2024 · Horlicks is the leader in India’s nutrition drink market pegged by Euromonitor International at $1.33 billion. It competes with Mondelez International’s Bournvita. The acquisition will improve HUL’s reach through pharmacies. Web31 jan. 2015 · While HUL covers over 6.5 million outlets of the 7.5 million, ... Horlicks further stretched its malt-food drink business and introduced variants like Horlicks Women, Horlicks Lite, Asha, ... bo boen club
HUL acquires Horlicks from GSK for Rs 3,045 crore - The Economic …
WebHindustan Unilever Limited ( HUL) is a British-owned Indian consumer goods company headquartered in Mumbai. [3] It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods (FMCGs). WebUnilever acquired Horlicks because it plans on selling Horlicks globally. As a result, HUL will pay a certain royalty to Unilever on sale of Horlicks in India. (the royalty amount has not yet been disclosed) Ownership Details. Previously, Unilever’s ownership in HUL was 67.2%. Post-acquisition, this ownership of Unilever in HUL will become 61.9%. Web3 dec. 2024 · GSK Consumer Healthcare shares rose 3.75% to close at Rs 7,542.85 apiece, translating into a market cap of Rs 31,721crore. The merger will significantly bolster HUL’s food and refreshments portfolio. With GSK Consumer Healthcare’s annual sales of Rs 4,200 crore, HUL’s revenues for this business will exceed Rs 10,000 crore after the deal ... bobo doll experiment unethical