HUL to merge with GSK Consumer in India's biggest consumer goods deal

Highlights

• The transaction is worth Rs 31,700 cr
• The all-equity merger deal includes an exchange ratio of 4.39 HUL shares
• With the HUL deal, the 140-year old brand will retain its British ownership

Hindustan UnileverNSE 4.08 %, India's biggest pure-play consumer goods firm said it will merge