India : MOSONS Groups flagship brand Indulekha acquired by HUL

An agreement is inked by Hindustan Unilever Limited (HUL) with Mosons Group to acquire its flagship brand Indulekha.

The planned acquisition is in line with HUL's strategic intent to make stronger its leadership position in the personal care segment.

The deal supervises the acquisition of the trademarks Indulekha and Vayodha, intellectual property, design and experience, for a consideration of Rs. 330 crore, payable upon closing of the deal and a deferred consideration of 10%...