HUL-GSK merger complete

Hindustan Unilever (HUL) on Wednesday said it had completed the merger of GlaxoSmithKline (GSK) Consumer with itself, taking its combined food and refreshment business to over Rs 12,000 crore. The merger will also give HUL access to brands such as Horlicks and Boost, pitting the company against rivals such as Nestlé India, another big player in the health and nutrition segment. HUL will also pay GSK Plc a sum of Rs 3,045 crore for acquiring Horlicks’ brand rights in India, implying it will

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Gateway to India’s Private Label Industry

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