The board of directors of Hindustan Unilever Ltd (HUL) on Monday approved a proposal to form a new 100 per cent subsidiary of Hindustan Unilever Ltd. This company will be incorporated with an authorised share capital of ₹2,000 crore, the company said in a statement. “This new subsidiary has been formed to leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile and customer-focused,” it said. Our Bureau