Key Developments: Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

704.35INR
22 Aug 2014
Price Change (% chg)

Rs-5.85 (-0.82%)
Prev Close
Rs710.20
Open
Rs712.00
Day's High
Rs713.00
Day's Low
Rs701.65
Volume
98,699
Avg. Vol
140,859
52-wk High
Rs734.95
52-wk Low
Rs536.00

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Latest Key Developments (Source: Significant Developments)

Hindustan Unilever Ltd recommends final dividend
Monday, 28 Apr 2014 05:36am EDT 

Hindustan Unilever Ltd:Recommends a final dividend of 7.50 indian rupees for the financial year ended March 31, 2014 on Equity Shares of 1 Indian rupee each.  Full Article

Hindustan Unilever Ltd appoints new CFO-Economic Times
Wednesday, 12 Mar 2014 03:49pm EDT 

Hindustan Unilever Ltd:Says PB Balaji, currently, VP, finance at Unilever Americas supply chain company, will replace Sridhar Ramamurthy as CFO-Economic Times.  Full Article

Hindustan Unilever Ltd Declares Interim Dividend
Saturday, 26 Oct 2013 08:51am EDT 

Hindustan Unilever Ltd announced that Board of Directors has declared an interim dividend of INR5.50 per equity share of face value of INR1 each for the financial year ending March 31, 2014. The record date for determining the entitlement for the aforesaid dividend is fixed at November 01, 2013 and that the dividend will be paid to the shareholders on or after November 15, 2013.  Full Article

Hindustan Unilever Ltd Updates On Status Of Open Offer From Unilever PLC
Friday, 12 Jul 2013 08:25am EDT 

HSBC Securities and Capital Markets (India) Pvt Ltd (Manager to the Open Offer) on behalf of the Unilever PLC (Acquirer) along with Unilever N.V. in its capacity as person acting in concert (the PAC) announced post offer announcement regarding voluntary open offer for the acquisition of 487,004,772 equity Shares representing 22.52% of the Voting Share Capital (the Open Offer) from Shareholders of Hindustan Unilever Ltd (Target Company).  Full Article

Unilever PLC Raises Stake In Hindustan Unilever Ltd To 67.28% Via Open Offer-Business Line
Thursday, 4 Jul 2013 08:00pm EDT 

Business Line reported that Anglo-Dutch consumer goods giant Unilever PLC has increased stake in the Indian arm Hindustan Unilever Ltd (HUL) to 67.28%, following an open offer which commenced on June 21 and closed on July 4, 2013. The Company fell short of target as it had planned to hike the stake in HUL to 75% through the open offer from the earlier stake of 52.48%. The payment for shares tendered and accepted will be completed on or before July 18 2013, at which point Unilever PLC will acquire full beneficial ownership of the shares tendered and accepted in the open offer, it added.  Full Article

Unilever PLC To Buy Hindustan Unilever Ltd Stake For $3.2 Billion-DJ
Thursday, 4 Jul 2013 01:11pm EDT 

Dow Jones reported that Unilever PLC will spend $3.2 billion to increase its stake in its Indian unit Hindustan Unilever Ltd by 14.8%, the Company said late. The acquisition fell short of what Unilever had originally hoped for, but it would still be the acquisition of an Indian asset by deal value in more than a year. Unilever had said in April that it wanted to by a 22.5% stake in Mumbai-based Hindustan Unilever to raise its shareholding in the Company to 75%. To achieve this, Unilever had made an open offer to shareholders of Hindustan Unilever to buy 487 million shares at 600 rupees ($10) apiece. The offer price carried a 21% premium on Hindustan Unilever's share price a day before the announcement, and would have resulted in a total investment of around $4.87 billion. Shareholders had until to decide whether to sell their shares to Unilever. They tendered only around 320 million shares or 14.8% of the Hindustan Unilever shareholding, putting the transaction value at around 192 billion rupees ($3.2 billion), the Company said in a statement.  Full Article

Hindustan Unilever Ltd Updates On Open Offer
Friday, 21 Jun 2013 03:20am EDT 

HSBC Securities and Capital Markets (India) Pvt Ltd (Manager to the Open Offer) on behalf of the Unilever PLC (Acquirer) along with Unilever N.V. in its capacity as person acting in concert (the PAC) announced to the equity shareholders of the Hindustan Unilever Ltd (Target Company), in respect of the Voluntary open offer (the Open Offer) for acquisition of 487,004,772 Shares representing 22.52% of the Voting Share Capital from the Shareholders of the Target Company.  Full Article

Hindustan Unilever Ltd Announces Updates On Open Offer
Tuesday, 18 Jun 2013 07:43am EDT 

Hindustan Unilever Ltd announced that it has submitted a Copy of Recommendations of the Independent Directors Committee (IDC) on the Open Offer made by Unilever PLC (the Acquirer) along with Unilever N.V. in its capacity as 'Person Acting in Concert' (PAC) for acquisition of 487,004,772 Equity Shares to the Shareholders of the Target Company under Regulations 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. 2011 HSBC Securities and Capital Markets (India) Pvt Ltd (Manager to the Open Offer).  Full Article

Unilever Plc Announces Increase Of Stake In Hindustan Unilever Ltd
Thursday, 13 Jun 2013 05:15am EDT 

Unilever Plc announced that it has received approval from the India market regulator, the Securities and Exchange Board of India (SEBI), for its voluntary open offer to increase its stake in Hindustan Unilever Limited (HUL) from 52.48% to up to 75%. The tender period will commence on June 21, 2013 and will end on July 4, 2013. The Offer is being managed by HSBC Securities and Capital Markets (India) Private Limited.  Full Article

Hindustan Unilever Ltd To Roll Out Liquid Detergent Surf Excel Liquid At INR230/Litre-The Economic Times
Thursday, 9 May 2013 06:28pm EDT 

The Economic Times reported that Hindustan Unilever Ltd will soon launch the first liquid laundry detergent, hoping that affluent consumers will pay a premium for a product that promises to make their laundry chore easier. At INR230 for a litre, Surf Excel Liquid will be the expensive daily use detergent product.  Full Article

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