ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From Convenience Foods to Heavy Chemicals

From Convenience Foods to Heavy Chemicals Hansavivek HINDUSTAN LEVER is investigating investments in the core/heavy investment sector and has applied for issue of letters of intent for manufacture of industrial phosphate and caustic soda. This, it is stated, will provide an opportunity to associate more Indian capital in the growth of the company. Of HL's total paid up capital of Rs 1,445 lakhs, as much as Rs 1,229 lakhs is at present held by Unilever. Of the total capital, shares of the value of Rs 204 lakhs were allotted for considerations other than cash 'and shares of Rs 1,116 lakhs by way of capitalisation of share premium and accumulated profits. The board has recommended issue of further bonus shares on a one-for-six basis by capitalisation of Rs 241 lakhs from the general reserve. The company has produced good results for 1972, with higher sales, better margins and, consequently, bigger profits. Dividend, step ped up a point to 16 per cent, finds a better cover. Of the gross total turnover of Rs 14,044 lakhs, detergents and toilet preparations accounted for Rs 8,231 lakhs and edible fats and other foods for Rs 4,341 lakhs

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