HUL acquires 7500 equity shares of Bhavishya Alliance Child Nutrition Initiatives

Hindustan Unilever has acquired 7500 equity shares of face value of Rs 10 each of Bhavishya Alliance Child Nutrition Initiatives.

Hindustan Unilever Ltd has informed BSE that the Company has acquired 7500 equity shares of face value of Rs.10/- each (75% of the equity share capital) of Bhavishya Alliance Child Nutrition Initiatives (Bhavishya Alliance), a Not for Profit Company.The Company was earlier holding an investment to the extent of 25% of the equity share capital of Bhavishya Alliance. Consequent to the acquisition of remaining 75% of the equity share capital, Bhavishya Alliance has become a wholly owned subsidiary of Hindustan Unilever Limited with effect from March 12, 2015.Bhavishya Alliance was incorporated on October 03, 2010 as a Not for Profit Company to work in the areas of Social, Economical and Environmental issues.Source : BSE

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