Hindustan Unilever had acquired GlaxoSmithKline’s health-food-drinks (HFD) portfolio, which includes the Horlicks brand, in ...

In August, Income Tax Department sent a tax demand of Rs 962.75 crore to the FMCG giant, for failing to deduct TDS as ...

The acquisition of the GSK business was completed in 2020 ... for the acquisition which included Horlicks, Boost, Maltova, and Viva. “The company has a strong case on merits on tax not withheld ...

The payment was made for the merger of GSK’s India brands with HUL, including Horlicks, Boost, Maltova, and Viva. The company said the demand will not have any significant financial implications ...

GlaxoSmithKline (GSK) has accelerated the review of its Horlicks business in India, hoping to sell it for over $4 billion and potentially use the cash for Novartis' buy out deal. Bloomberg ...

The notice specifically concerns the acquisition of the Horlicks brand in India from GSK for ₹3,045 crore. Additionally, other GSKCH brands such as Boost, Maltova, and Viva were also added to ...

Photograph: Philippe Wojazer/Reuters The notice relates to non-deduction of TDS on payment of Rs 3,045 crore to GlaxoSmithKline ... consisting of brands as Horlicks, Boost, Maltova, and Viva ...

GlaxoSmithKline is to sell off its famous bedtime malted milk drink Horlicks in the UK, and will also consider exiting a pharma business, its cephalosporins antibiotics franchise. This gloomy news ...

News for GlaxoSmithKline Consumer Healthcare Ltd. HUL Faces Rs 963 Cr Income Tax Demand: Appeal Planned Hindustan Unilever (HUL) received a Rs 963 crore Income Tax demand for non-deduction of TDS on ...