HLL Board to Consider Proposal for Amalgamation of Modern Food Industries Limited
04-09-2006 :
The Board will also consider a proposal to demerge the assets of the Company at Jamnagar, Shamnagar and Daverashola plantations in Tamil Nadu into one or more subsidiaries as the Resultant Company and settle a Scheme of arrangement for the said purpose.
The Board of MFIL will also independently meet the same day, subsequent to our meeting, to consider the aforesaid proposal for amalgamating with the Company and matters related thereto.
About HLL
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.
