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Unilever PLC To Raise Stake In Hindustan Unilever Ltd-Reuters


Tuesday, 30 Apr 2013 12:14am EDT 

Reuters reported that Unilever PLC will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever Ltd to up to 75%. Unilever said it would acquire up to 487 million shares, or 22.52% of the equity, of Hindustan Unilever in an open offer for INR600 a share, 20.6% premium to April 29, 2013 closing price. HSBC is the manager to the offer. 

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