Hindustan Unilever to merge with GSK Consumer Healthcare

Hindustan Unilever will merge with GSK Consumer Healthcare in a transaction that values the total business at ?31,700 crore.

The merger includes the totality of operations within GSK Consumer Healthcare India Ltd, including a consignment selling contract to distribute GSK Consumer’s over-the-counter and oral health products in India, the company said in a statement.

GSK Consumer Healthcare India is the market leader in the health food category, with iconic brands such as Horlicks and Boost, and a product portfolio supported by strong nutritional claims.