Hindustan Unilever Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2011, have approved a proposal for demerger of FMCG exports business including specific exports related manufacturing units of the Company into its wholly owned subsidiary Unilever India Exports Ltd (UIEL), with effect from April 01, 2011. In order to fully exploit the opportunity in export market and to provide necessary focus, flexibility and speed to the business, the Board of Directors considered the above proposal and has, subject to the necessary approvals, decided to demerge FMCG exports business of the Company into its wholly owned subsidiary. The Company will continue to provide all necessary support to UIEL in order to grow the exports business.