GST benefits prompt firms to absorb unlisted units

Companies are increasingly absorbing their unlisted units to simplify their holding structure and benefit from the Goods and Services Tax ( GST ). In the past few weeks, several listed entities, such as  Hindustan Unilever ,  Lux Industries, Orient Refractories, and Hindustan Foods, have brought some of their unlisted businesses under their umbrellas, a move that analysts believe will be…