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HUL to sell Annapurna and Captain Cook brands for ₹60.4 cr; exits atta and salt biz
The Free Press Journal|February 18, 2023
FMCG major HUL on Friday announced selling of its Annapurna and Captain Cook brands to Singapore-based Uma Global Foods for Rs 60.4 crore to exit from non-core atta and salt business.
HUL to sell Annapurna and Captain Cook brands for ₹60.4 cr; exits atta and salt biz

It has signed an agreement for the sale of its atta and salt business carried out under the brands 'Annapurna' and 'Captain Cook', respectively, the company said in a statement.

"HUL's decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups," said HUL.

This story is from the February 18, 2023 edition of The Free Press Journal.

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HUL to sell Annapurna and Captain Cook brands for ₹60.4 cr; exits atta and salt biz
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This story is from the February 18, 2023 edition of The Free Press Journal.

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