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Hindustan Unilever Limited ( (IN:HINDUNILVR) ) has provided an announcement.
Hindustan Unilever Limited has announced the allotment of equity shares by Kwality Wall’s (India) Limited (KWIL) as part of a Scheme of Arrangement between HUL and KWIL. As per the scheme, KWIL has issued over 234 crore fully paid-up equity shares to HUL shareholders, marking a significant restructuring move. Additionally, KWIL’s pre-Scheme paid-up share capital, previously held entirely by HUL, has been canceled, resulting in KWIL no longer being a wholly-owned subsidiary of HUL. This strategic move is expected to impact HUL’s operational structure and market positioning, with KWIL seeking listing and trading permissions for the newly allotted shares.
More about Hindustan Unilever Limited
Hindustan Unilever Limited (HUL) operates in the consumer goods industry, primarily focusing on products such as food, beverages, cleaning agents, personal care products, and water purifiers. It is one of the largest fast-moving consumer goods companies in India, with a significant market presence and a broad portfolio of well-known brands.
Average Trading Volume: 136,812
Technical Sentiment Signal: Sell
Current Market Cap: 5415.1B INR
For detailed information about HINDUNILVR stock, go to TipRanks’ Stock Analysis page.