FMCG major Hindustan Unilever Ltd (HUL) today said its subsidiary Pond’s Exports Ltd will sell certain movable assets and inventory of its leather business to Hindustan Foods for an undisclosed sum.
“Pond’s Exports , a subsidiary of Hindustan Unilever Ltd, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods Ltd for sale of certain movable assets and inventory with respect to the leather business of PEL,” HUL said in a BSE filing.