HUL to evaluate its ice-cream business

Hindustan Unilever (HUL) on Friday decided at its board meeting to constitute a committee of independent directors to evaluate the prospects of the company's ice cream business.

- SHARLEEN D'SOUZA

The maker of Magnum ice cream said, "After due consideration, the board has decided to constitute a committee of independent directors of the company ('independent committee') to evaluate in detail the prospects of the company's ice cream business and to make recommendations to the board on the best way forward, keeping in mind the interest of all our stakeholders." "Based on the recommendation of the independent committee, the matter will be placed for final consideration of the audit committee and the board at their respective meetings to be scheduled in due course," it said in a release.