Hindustan Unilever on Monday said that it would demerge its exports business into a separate entity — Unilever India Exports —soon.
The board of the Indian arm of the global MNC, Unilever Plc, has already approved a proposal to spin-off its exports business, that currently contributes to around 5-6 per cent of its overall business at Rs.1,000-crore.
The company had mentioned that the spin-off included specific exports- related manufacturing units of the company into Unilever India Exports Ltd from April 1.
