Hindusthan Udyog Limited agreed to acquire Asutosh Enterprises Limited, Neptune Exports Limited, Northern Projects Limited, Tea Time Limited and Orient International Limited on September 26, 2019. Under the terms of the transaction, Hindusthan Udyog Limited will issue 100 HUL shares for every 95 shares held by the shareholders of Asutosh Enterprises Limited, 100 HUL shares for every 1096 shares held by the shareholders of Neptune Exports Limited, 100 HUL shares for every 659 shares held by the shareholders of Northern Projects Limited, 100 HUL shares for every 788 shares held by the shareholders of Tea Time Limited and 100 HUL shares for every 2332 shares held by the shareholders of Orient International Limited. Post completion of the merger, Asutosh Enterprises Limited, Neptune Exports Limited, Northern Projects Limited, Tea Time Limited and Orient International Limited will be merged into Hindusthan Udyog Limited. For the year ended March 31, 2019, Asutosh Enterprises Limited, Neptune Exports Limited, Northern Projects Limited, Tea Time Limited reported revenues of INR 7.62 million, INR 7.52 million, INR 0.101 million and INR 0.08 million respectively. As of March 31, 2019, Tea Time Limited, Northern Projects, Neptune Exports and Orient International reported net worth of INR 246.507 million, INR 174.909 million, INR 183.533 million and nil respectively. The transaction was approved by Board of Directors of Hindusthan Udyog Limited on September 26, 2019. As of March 21, 2020, the transaction was approved by Board of Tea Time, Northern Projects and Neptune Exports. Hindusthan Udyog Limited cancelled the acquisition of Asutosh Enterprises Limited, Neptune Exports Limited, Northern Projects Limited, Tea Time Limited and Orient International Limited on September 26, 2020.