MUMBAI Jan 31 India's capital markets regulator
fined Unilever Plc 5 million rupees ($79,800) for being
late in making certain disclosures tied to its share ownership
in its domestic unit Hindustan Unilever Ltd last year.
Securities and Board Exchange of India (SEBI) said Unilever,
had delayed filing disclosures related to its shareholding in
Hindustan Unilever in 2006, 2008, 2009, 2010 and 2013.
The regulator said it came across the omissions when
Unilever initiated an open offer for the domestic unit.
The Anglo-Dutch consumer goods company had acquired a little
over two-thirds of its Indian unit last year for about 2.45
"There was no change in Unilever's shareholding between
March 2005 to April 2013 and therefore, there was no unfair
benefit attained nor was any harm caused to the investors or
public at large due to the delayed disclosure," a Unilever
spokesperson said in a statement.
SEBI said on Friday Unilever had admitted to the omissions
in disclosures but had said the delays were inadvertent in