AO Smith India

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A Rs 600 crore deal to sell Pureit to AO Smith India has been agreed by HUL

A Rs 600 crore deal to sell Pureit to AO Smith India has been agreed by HUL

The board of Hindustan Unilever (HUL) has sanctioned the sale of its water purification business, Pureit, to A.O. Smith’s India division for an enterprise value of Rs 601 crore, equivalent to $72 million, as revealed in a stock exchange announcement on Monday. HUL, a prominent player in the fast-moving consumer goods (FMCG) sector, stated that…

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