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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.
🚨 #HindustanUnilever approved sale of its #WaterPurification business to AO Smith India for Value of Rs 601 crore. Alert: Moneycontrol was first to break HUL's sale of Pureit on March 28. Read👇 https://t.co/5bCVqP6JmS #Business #AOSmithIndia | @deborshi @swarajdhanjal
#HUL to sell #Pureit to AO Smith India for Rs 600 crore https://t.co/gQlLz0V1rA
🚨 #HindustanUnilever approved sale of its #WaterPurification business to AO Smith India for Enterprise Value of Rs 601 crore. Alert: Moneycontrol was the first to break HUL's sale of Pureit on March 28. Read on ⬇️ https://t.co/qASOP82rHD #Business #AOSmithIndia
