HUL exits BPO arm Capgemini

MUMBAI: The fast moving consumer goods major Hindustan Unilever today said it exited from BPO firm Capgemini Business Services India by selling its remaining 49 per cent stake to IT consultancy firm Cap Gemini SA for an undisclosed sum.

"Hindustan Unilever has now divested its 49 per cent stake in Capgemini Business in favour of Cap Gemini SA," HUL said in a filing to the Bombay Stock Exchange.

Capgemini Business, formerly known as Unilever India Shared Services (USSL), was set up as an in-house business process outsourcing unit of the FMCG leader. In September 2006, HUL sold 51 per cent stake in this firm to the France-based Cap Gemini SA, after which USSL was renamed as CGBSL.

HUL had earlier said as a part of its normal business process it continuously review its assets, including real estate, and on a case-to-case basis to unlock business value.