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HORLICKS DEAL
Unilever may write back ₹59mn provision without ‘goodwill’Hindustan Unilever announced the acquisition of GSK Consumer Healthcare in an all-stock deal two years ago, valuing the Indian business of ...- Hindustan Unilever ropes in Akshay Kumar for HorlicksHorlicks has over half the malted beverages market in India, and was acquired to help HUL’s focus in building a profitable and sustainable ...
- Unilever expects income tax dept questions on Horlicks deal tax math from GlaxoSmithKline PlcExperts said HUL has an opportunity to claim tax depreciation on the goodwill and other intangibles in the books, but this interpretation c...
- GSK sells $3.35 billion stake in Hindustan UnileverThe 133.77 million shares were offloaded on average for 1,905 rupees, according to a statement from GlaxoSmithKline.
- HUL acquires Horlicks from GSK for Rs 3,045 croreGSK brands like Horlicks, Boost, Maltova and Viva have come to HUL’s portfolio as part of the merger.
- Horlicks Technology: GSK & Steer Engineering settle IP issue out of courtGSK, in a statement, said: “Using STEER’s state-of-the-art technology, high quality extruders, and dedicated personnel, the project has bro...
- GSK Consumers Healthcare gets shareholders' approval for merger with HULThe company has received 99.99 per cent votes in favour of the scheme of amalgamation.
- Won’t transfer key technology to HUL: GSK Consumer to CourtUnilever Plc’s India unit said on December 3 it would merge GSK Consumer with itself in an all-stock deal that will give it access to Horli...
- GSK Consumer Healthcare to fight case against tech transferGSK Consumer Healthcare said it will contest an attempt by Steer Engineering to block the transfer of technology that quickens the process ...
- Taxmen begin scrutiny of Unilever-GSK dealTax officials could also raise the issue that GST of 12% is applicable on the overseas transaction.
- HUL to pour Horlicks into its portfolio with GSK dealUnilever edged past Nestle, the world’s largest food and drinks company, in a closely fought battle.
- Considering possible deal and merger of Indian unit: GlaxoSmithKlineIn response to recent press speculation, GSK confirms that consideration is being given to a potential transaction that includes a merger o...
- Why Horlicks may not be such a sweet deal for UnileverUnilever’s purchase of GSK's unit, including Horlicks, comes as Indians lose their taste for sugary drinks.
- Kellogg, Reckitt Benckiser join queue for a glass of HorlicksKellogg and Reckitt Benckiser are the latest entrants in the race to acquire the consumer nutrition biz.
- Danone, HUL, KKR vie for GSK’s consumer businessAs per Monday’s market value, 72 per cent of GSK is worth around Rs 17,980 crore.
- ITC likely to be a strong contender to buy GSK's nutrition business including HorlicksNestle, Unilever, PepsiCo may look to buy its nutrition business, but ITC ‘likely strong contender’ as malt-based brands can expand its por...
- GSK may put iconic Horlicks for sale to fund $13-billion Novartis dealGSK is initiating a strategic review of Horlicks and its other consumer healthcare nutrition products to support funding the Novartis deal.
- GlaxoSmithKline Consumer Healthcare signs a brandsswap deal with GSK PharmaceuticalsThe cross-functional collaboration deal, to swap select brands and independently market, sell and distribute them, is one of the four lever...
- UK regulator finds Horlicks ad claims too tallAn inadvertent slip-up by a Nepali TV broadcaster has landed GlaxoSmithKline Consumer Healthcare’s (GSK) single-largest brand in India, Hor...
- 'Our pharma parentage gives us edge over others'GSKCH managing director Zubair Ahmed shares how the company leveraged its pharma parentage, acquisition plans, etc.
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