17 January, 2021

They Ran Out Of Dough

They Ran Out Of Dough
outlookindia.com
-0001-11-30T00:00:00+05:53
Three years ago it was showcased as the first disinvestment by the Union government. When Hindustan Lever Ltd (HLL) bought Modern Foods for Rs 105 crore, there was much optimism that the loss-making company would be turned around. But now the HLL has announced its decision to wind up its supplementary nutritional foods unit—which was making profits till the UP government stopped placing orders with it after the sale—on Lawrence Road, Delhi. Modern Foods, supposed to be a Rs 2,100-crore company, was allegedly undersold. hll hasn’t indicated what it proposes to do with the SNF unit that occupies 16 acres of land worth Rs 110 crore.
unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


In this article:

Latest Magazine

January 25, 2021
content

other articles from the issue

articles from the previous issue

Other magazine section