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How will Hindustan Unilever use the proceeds from the sale of Pureit by December 31, 2024?
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Resolution / Starting Odds
Debt reduction • 25%
Investments in core business areas • 25%
Shareholder dividends • 25%
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Official financial statements or press releases from Hindustan Unilever
Story
Hindustan Unilever to Sell Pureit to A.O. Smith India for $72 Million, Rs 600 Crore
Jul 15, 2024, 11:14 AM
Hindustan Unilever (HUL) has approved the sale and divestment of its water purification business, Pureit, to A.O. Smith India. The transaction is valued at $72 million, or approximately Rs 600 crore. This strategic move aligns with HUL's aim to streamline its portfolio and focus on core business areas. The enterprise value of the deal is reported to be Rs 601 crore. Moneycontrol was the first to report on HUL's decision to sell Pureit on March 28.
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