BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dabur Healthcare company
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Johnson & Johnson
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Hindustan Unilever Limited
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Patanjali Ayurved Limited
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Detailed explanation-1: -Under the deal, Unilever’s Indian arm, HUL is acquiring GSK CH India via an all-equity merger, valuing the total business of the latter at Rs 31, 700 crore.
Detailed explanation-2: -The Consumer Healthcare business is a Joint Venture between GSK and Pfizer, with GSK holding a majority controlling interest of 68% and Pfizer 32%.
Detailed explanation-3: -GSK owns these brands and were earlier distributed by GSK Consumer in India. When HUL bought GSK Consumer, they also replaced them as the distribution partner for five years starting 2020 on commission basis.
Detailed explanation-4: -Understanding the deal structure between GSK and HUL After considering multiple bids from various companies like Coca-cola, Nestle and Unilever, GSK decided to merge its Indian subsidiary with HUL for a total consideration of Rs. 42, 242 Cr. approximately which was equity-based.