HUL to merge Bon Ltd with itself

8220;8230; for the purpose of administrative simplication,the Board of Directors has,subject to necessary approvals,decided to merge Bon Limited with the company,8221; HUL said in a filing to the Bombay Stock Exchange.

Being a subsidiary company,the entire holding of Bon Ltd held by the company will be cancelled after amalgamation,the statement said.

In 2005,the company had transfered its factory at Haji Bunder to Bon Ltd to facilitate operations.

8220;Despite all efforts by the company,the undertaking factory could not be revived and was eventually closed after following due process of law in July 2006,8221; it said.

The factory was plagued by labour issue and was shut down in 2006.

8220;All labour issues and litigations which rose before and after the closure have been settled amicably,and currently Bon Limited does not have any operations,8221; it added.