GSK Consumers Healthcare gets shareholders' approval for merger with HUL
Updated : June 03, 2019 07:33 AM IST
The company has received 99.99 percent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever Ltd (HUL) in the National Company Law Tribunal-convened meeting of the equity sharehoders on June 1, 2019.
Earlier in January, GlaxoSmithKline Consumer Healthcare had informed that it has received approval from the fair trade regulator CCI for its merger deal with HUL.
On December 3, 2018, Anglo-Dutch FMCG giant Unilever had announced the acquisition of a health food portfolio, including popular brands Horlicks and Boost, from GlaxoSmithKline in India and over 20 other markets for 3.1 billion pounds (about Rs 27,750 crore).