HUL sells Pureit business to US geyser major AO Smith – Times of India
MUMBAI: HUL is selling its water purification business to US-based water technology company AO Smith‘s Indian arm for an enterprise value of Rs 601 crore ($72 million). The move comes as the FMCG major looks to sharpen its focus on core categories, HUL said in a statement on Monday. It is also aligned with parent…