HUL to acquire Indulekha for Rs 330 crore

Hindustan Unilever (HUL) on 17 December 2015 announced that it signed an agreement with Mosons Group to acquire its flagship brand Indulekha for 330 crorerupees.

• The proposed acquisition is in line with HUL’s strategic intent to strengthen its leadership position in Personal Care.

Highlights of the deal

• The deal includes the acquisition of the trademarks Indulekha and Vayodha, intellectual property, design and knowhow.
• HUL will pay Mosons Group 300 crore rupees upon closing of the transaction and a deferred consideration of 10 percent on the domestic turnover of the brands each year, payable annually for a five-year period commencing Fiscal Year 2018.
• Mosons will continue to manage the business until the completion of the transaction.