Hindustan Unilever (HUL) is making strategic moves in both its corporate structure and sustainable practices. The company is set to acquire a substantial stake, up to 27.73%, in the equity share capital of Transition Sustainable Energy Services for a deal valued at up to 121.5 million rupees. This investment reflects HUL’s commitment to incorporating sustainable energy sources into its operations.
Simultaneously, HUL is undergoing internal changes, with the Beauty and Personal Care division undergoing a transformation. The division will evolve into dedicated Beauty & Wellbeing and Personal Care businesses, marking a shift in focus and specialization. This restructuring is scheduled to take effect from April 1st, 2024, signaling a new phase for HUL’s product portfolio.
In line with its sustainability goals, HUL is forging a partnership with Brookfield for green energy initiatives. The collaboration aims to support HUL in meeting its net-zero commitment. As part of this effort, the company is planning to establish a solar energy park in Rajasthan with a capacity of 45 MW. These developments underscore HUL’s dedication to both business evolution and environmental responsibility.
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