HUL to sell Pureit to A. O. Smith for an enterprise value of $72 million

Quick Summary:

The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A.O.

Rohit Jawa, chief executive officer and managing director of HUL, was quoted as saying in the release, “This move is in line with our strategic intent to focus sharply on our core categories.

Smith in India, and we look forward to welcoming the Pureit team to the A.O.Smith family.

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Article Details

Category: BusinessFinance

Markets: India

Topics: HUL A.O. Smith HUL HUL sells Pureit to A. O. Smith Pureit water purifier acquisition news Pureit HUL Pureit sale to A. O. Smith Hindustan Unilever Water purifier Hindustan Unilever water purifier sale Hul Hindustan unilever Hindustan Unilever Pureit acquisition AO Smith HUL share price Pureit A. O. Smith buys Pureit from HUL Enterprise value of $72 million deal Pureit water purifier A. O. Smith Pureit purchase details

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 17:03:30 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21627265

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