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Divestment of shareholding in Capgemini Business Services (India) Limited

HUL has divested its stake in Capgemini Business Services ( India) Limited (CGBSL) [formerly Unilever India Shared Services Limited (UISSL) ].

Pursuant to the terms of agreement entered between Hindustan Unilever Limited (HUL) and Cap Gemini SA in October 2006, HUL has divested its remaining 49% stake in Capgemini Business Services ( India) Limited (CGBSL) [formerly Unilever India Shared Services Limited (UISSL) ]. 

UISSL was the in-house BPO unit of HUL. Cap Gemini SA and HUL entered into an agreement in September 2006, for sale of 51% controlling stake of HUL in UISSL. Post dilution, UISSL was renamed as Capgemini Business Services (India) Limited.

In terms of a separate agreement entered in October 2006 and subsequent amendments thereto, both parties further agreed for dilution of the balance 49% stake of HUL in favour of Cap Gemini SA by 31st March 2010. Accordingly, HUL has now divested its 49% stake in CGBSL in favour of Cap Gemini SA.

Hindustan Unilever Limited

Hindustan Unilever Limited,
Unilever House,
B. D. Sawant Marg,
Chakala, Andheri (E),
Mumbai - 400 099.

T: +91 22 39830000 
F: +91 22 22871970


mediacentre.hul@unilever.com

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