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Thursday, December 13, 2001

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HLL board okays transfer of seed business

Our Bureau

MUMBAI, Dec. 12

THE board of directors of Hindustan Lever Ltd (HLL) on Wednesday approved the transfer of its seed business to its subsidiary, Paras Extra Growth Seeds Ltd.

The board has also constituted a committee of directors to determine the consideration, the effective date and other details of the transaction, the company said in a notice to the stock exchange.

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