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HLL in pact with Wipro for `Glucovita'

Our Bureau

MUMBAI, April 17

HINDUSTAN Lever Ltd has entered into a definitive agreement with Wipro Ltd for the sale and transfer of "Glucovita" brand for the territories of India and Nepal. "The disposal is in line with HLL's current strategy to focus on power brands,'' HLL said in a statement to the Bombay Stock Exchange (BSE).

The sale of "Glucovita", a brand in the glucose powder market, is a part of the brand rationalisation exercise in HLL. The transaction is expected to be completed by June.

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