News: Hindustan Lever to mull Modern Foods merger

(RTR 04/09/2006) Mumbai - India's top consumer goods maker, Hindustan Lever Ltd. said on Monday its board would meet on Sept. 8 to consider merger of Modern Food Industries Ltd. with itself.

The board will also consider spinning off some plantations in southern Tamil Nadu state to subsidiaries, the company said.

Ahead of the news, shares in Lever ended up nearly 2 percent at Rs 243.30 in a firm Mumbai market.