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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. 

Company Quote

-0.05 -0.01%
23 Jul 2014