Hindustan Unilever exits BPO arm Capgemini
"Hindustan Unilever has now divested its 49 percent stake in Capgemini Business in favor of Cap Gemini SA," HUL said in a filing to the Bombay Stock Exchange. Capgemini Business, formerly known as Unilever India Shared Services (USSL), was set up as an in-house business process outsourcing unit of the FMCG leader. In September 2006, HUL sold 51 percent stake in this firm to the France-based Cap Gemini SA, after which USSL was renamed as CGBSL.
HUL had earlier said as a part of its normal business process it continuously review its assets, including real estate, and on a case-to-case basis to unlock business value.