Hindustan Unilever Ltd. (500696.BY) said Monday it has sold the remaining 49% stake in its erstwhile captive business process outsourcing unit to French information technology services company Capgemini (CAP.FR).

In a statement to the Bombay Stock Exchange, India's largest consumer goods maker by sales said it had in September 2006 agreed to sell 51% of Unilever India Shared Services Ltd., which was later renamed Capgemini Business Services India Ltd. In October 2006, the Unilever PLC (ULVR.LN) unit signed another deal to sell the remaining stake to Capgemini by March 31, 2010.

The statement didn't provide any financial terms of the deal.

-By Ameya Karve, Dow Jones Newswires; +91-22-6145-6121; ameya.karve@dowjones.com
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