![HUL shares gain 3% on deal to sell Pureit to AO Smith India](https://images.assettype.com/fortuneindia%2F2024-01%2F899fa558-2b6d-4eec-b88a-5f714aaa87e8%2FHUL_Office_09339_copy.jpg?w=300&q=95)
HUL shares gain 3% on deal to sell Pureit to AO Smith India
HUL to sell its water purification business Pureit at an enterprise value of ₹601 crore as part of its strategy to focus on core categories.
HUL to sell its water purification business Pureit at an enterprise value of ₹601 crore as part of its strategy to focus on core categories.
The FMCG major is optimistic about the mid-term impact of better monsoons, and improving macro-economic indicators.
Investors remain concerned about HUL’s muted volume growth, subdued rural performance, and increased competition in select categories.
The board of HUL also declared an interim dividend of ₹18 per share for the year ended March 31, 2024.