HUL announces agreement with Mosons Group to acquire Indulekha, its flagship brand
Q. HUL has announced an agreement with Mosons Group to acquire which brand for INR 330 crores?- Published on 21 Dec 15a. Vayodha
b. Indulekha
c. Parachute
d. Both a and b
ANSWER: Both a and b
Hindustan Unilever Limited on 17th December 2015 announced an agreement with Mosons Group to acquire the flagship brand Indulekha for INR 330 crores. This is in line with its leadership position in personal care. Deal includes acquisition of trademark brands Vayodha and Indulekha in terms of intellectual design and know how. Mosons Group will be paid INR 300 crore rupees following the closing of the transaction and deferred consideration of 10 percent on domestic turnover of brands per annum.
