Amalgamation Of Vashisti Detergents Limited With Hindustan Lever Limited
26-09-2005 :
The Hon’ble 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 Hindustan Lever Limited (HLL).
The Board of Directors of Hindustan Lever Limited had earlier approved the proposal for amalgamation of Vashisti Detergents Limited (VDL), with the Company. 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 Fast Moving Consumer Goods Company, touching the lives of two out of three Indians. HLL’s mission is to “add vitality to life” through its presence in over 20 distinct categories in Home & Personal Care Products and Foods & Beverages. The company meets everyday needs for nutrition, hygiene, and personal care, with brands that help people feel good, look good and get more out of life.
