India News
HUL board to meet on April 1 to declare merger with GSKCH | Writer | Admin | |||
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Hindustan Unilever said its board will meet on April 1 to declare that the merger with GlaxoSmithKlineNSE Consumer Healthcare (GSKCH) will be effective from that day. Hindustan Unilever Ltd (HUL) and GSKCH have received approval from the Mumbai and Chandigarh bench of the National Company Law Tribunal, respectively for the merger, HUL said in a regulatory filing. "In this regard we further wish to inform you that in accordance with the terms of the scheme, a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 01, 2020, to take on record the sanction of the Scheme by the Mumbai NCLT and Chandigarh NCLT and to declare the Scheme effective from April 01, 2020,". |
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