Transfer of HLL’s Tea Plantation Business to Subsidiaries completed
01-12-2005 : Hindustan Lever Limited (HLL) has informed the stock exchanges that the Hon’ble High Court at Bombay has passed an order dated November 23, 2005 approving the Scheme of Arrangement for demerger and transfer of Tea Divisions of Assam and Tamil Nadu of Hindustan Lever Limited to Doom Dooma Tea Company Limited and Tea Estates India Limited respectively.
The said drawn up orders have been filed with the Registrar of Companies, Maharashtra, Mumbai, today, making the transfer effective from today, with retrospective effect from April 1, 2005, the appointed date of the scheme.
India:
Hindustan Unilever Ltd
165/166, Backbay Reclamation
Mumbai 400020
T: +91-22-39830000
F: +91-22-22871970
Related Links
For the previous announcement on this subject
It is part of HULs strategy to disinvest non-core businesses
