HUL transfers licence of Lakme, Lever Ayush to subsidiary

Hindustan Unilever (HUL), a fast moving consumer goods company in India announced that it had decided to license its brands, `Lakme` and `Lever Ayush` to it`s subsidiary, Lakme Lever, for the beauty and wellness services business. The board of directors of the company has accorded their consent in the aforesaid matter.